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Xiaohongshu Dismisses Rumor of Pre-IPO Financing Aiming US$20B Mkt Cap
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Market rumored that Xiaohongshu, also known as Little Red Book, is conducting a new round of financing valued it at US$20 billion, which is in fact a Pre-IPO round of financing for Xiaohongshu, representing a certain pricing reference for its future listing, Chinese news broke. Xiaohongshu yet responded that the relevant news was untrue.
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