Xiaohongshu says reports of new funding based on $20 billion valuation are “untrue”
Lifestyle China’s Instagram-like lifestyle platform Xiaohongshu has merged its e-commerce and livestreaming operations. Credit: Xiaohongshu Chinese lifestyle sharing social media platform Xiaohongshu has dismissed as “untrue information” reports by local media outlet IPOzaozhidao that it is in the midst of a new round of fundraising that values the company at $20 billion. A previous report […]