Xiaohongshu's valuation has increased again.
According to a report by Bloomberg, an internal document from GSR Ventures in March showed that Xiaohongshu's valuation has risen to $26 billion (approximately RMB 187 billion); on June 7, Chinese media outlet CVR reported that an investor who acquired shares of Xiaohongshu for LPs disclosed to them that the actual transaction price may have been raised to $30 billion, and the recent asking price for Xiaohongshu's old shares is $35 billion (approximately RMB 250 billion).
It was reported that Zhu Xiaohu, managing partner of GSR Ventures, did not directly respond to this matter, only stating "no shareholders are willing to sell."
In the matter of selling Xiaohongshu shares, many veteran shareholders have expressed similar attitudes. To some extent, this also reflects the confidence and high expectations that veteran shareholders have for Xiaohongshu. In 2021, Xiaohongshu's user base exceeded 100 million, becoming the fourth largest social platform in China. That same year, Xiaohongshu initiated its IPO in the U.S., although it eventually hit the pause button, Xiaohongshu remains highly favored by investors, with its valuation rising above $20 billion.
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Original source: https://www.toutiao.com/article/7513790778074890752/
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