Alibaba leads $300m Series D in shopping app Xiaohongshu

A man walks past a reception desk at the Alibaba Group Holding Ltd. headquarters in Hangzhou, China, on Tuesday, Oct. 13, 2015. Photographer: Qilai Shen/Bloomberg

Chinese social e-commerce shopping startup Xiaohongshu (literally translated as Little Red Book, otherwise known as RED) has raised a $300 million Series D round led by internet giant Alibaba at an estimated $3-billion valuation, Chinese media reported.

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