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Xiaohongshu Denies Acquisition Rumors by Alibaba
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Regarding the news that Xiaohongshu is to be acquired by BABA-W (09988.HK) (BABA.US), Chinese media quoted Xiaohongshu as affirming that the news is only a rumor. Meanwhile, Alibaba hasn't made any comments on this. According to public information, Xiaohongshu has received seven rounds of financing since its founding in 2013, with TENCENT (00700.HK) and Alibaba among its investors, accumulating over USD900 million in financing. AAStocks Financial News |
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