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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.

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The market estimated that RedNote may go public as early as this year, with the exact timing contingent on market conditions.
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