Financial Times on Nostr: Chinese social media sensation Xiaohongshu wins major foreign VC backing ========== ...
Chinese social media sensation Xiaohongshu wins major foreign VC backing
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Chinese social media platform Xiaohongshu has secured significant investment from foreign venture capitalists. The platform, which combines social media and e-commerce, has gained popularity among young Chinese consumers. Xiaohongshu plans to use the funding to expand its user base and improve its technology infrastructure. The investment comes at a time when Chinese tech companies are facing increased scrutiny from regulators.
https://www.ft.com/content/2d5f515f-d341-41c8-ace5-16a16cb33e35
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Chinese social media platform Xiaohongshu has secured significant investment from foreign venture capitalists. The platform, which combines social media and e-commerce, has gained popularity among young Chinese consumers. Xiaohongshu plans to use the funding to expand its user base and improve its technology infrastructure. The investment comes at a time when Chinese tech companies are facing increased scrutiny from regulators.
https://www.ft.com/content/2d5f515f-d341-41c8-ace5-16a16cb33e35