Tencent-backed startup Little Red Book to raise $200m at $2.5b valuation

Tencent-backed startup Little Red Book to raise $200m at $2.5b valuation

Women's fashion. Photo by Unsplash

Chinese e-commerce startup Xiaohongshu, or “Little Red Book,” is in early talks to raise at least $200 million at a valuation or more than $2.5 billion to quicken its expansion in a heated e-commerce space, according to people familiar with the matter.

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