17 June 2026

Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades (Wall Street Journal)

Wall Street Journal:
Sources: Chinese social media app Xiaohongshu targets a Hong Kong IPO as early as year-end at a $70B+ valuation, up from $50B in recent private secondary trades  —  Known as Rednote, the company's net profit could surpass $3 billion this year  —  Chinese lifestyle and video-sharing platform Xiaohongshu …

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