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RedNote's Valuation Spikes to USD26B: Report
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As of the end of March, RedNote (Xiaohongshu)'s valuation spiked to USD26 billion, accounting for 91% of GSR Ventures' fund assets, according to a document from GSR Ventures. With TikTok facing a ban in the US, RedNote is seen as an alternative to TikTok. The market estimated that RedNote may go public as early as this year, with the exact timing contingent on market conditions. AASTOCKS Financial News Website: www.aastocks.com |
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