Tech
Source: Chinese social e-commerce app Xiaohongshu has raised a new funding round of $500M, led by Temasek and Tencent at a $20B valuation (Tracy Qu/South China Morning Post)
Tracy Qu / South China Morning Publish:
Supply: Chinese language social e-commerce app Xiaohongshu has raised a brand new funding spherical of $500M, led by Temasek and Tencent at a $20B valuation — The platform often known as China’s reply to Instagram raised the cash from current buyers after being pressured to place IPO plans on maintain Xiaohongshu …
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