Altive: Xiaohongshu, considered as a Chinese equivalent to Instagram, has been valued at $10B-$16B in private markets in 2022, down from $20B in November 2021 (Financial Times)


Financial Times:

Altive: Xiaohongshu, considered as a Chinese equivalent to Instagram, has been valued at $10B-$16B in private markets in 2022, down from $20B in November 2021  —  China’s answer to Instagram gained a $20bn valuation last year.  Then the tide turned for the country’s start-ups

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