New Stock News | Report: Xiaohongshu's valuation has soared to approximately 26 billion US dollars

According to the latest news obtained by the Securities Times APP, the valuation of mainland China's well-known social platform Xiaohongshu has climbed to 26 billion US dollars (approximately 202.8 billion Hong Kong dollars). This valuation data comes from a share transaction under GSR Ventures, which holds 8.47% of Xiaohongshu's shares. As of the end of March, this portion of equity is valued at 2.22 billion US dollars (approximately 17.316 billion Hong Kong dollars), accounting for 91% of the total assets of the fund. Compared to Xiaohongshu's historical high valuation of 20 billion US dollars during the COVID-19 pandemic in 2021, this latest valuation has achieved a significant increase of 30%. It is widely predicted in the market that Xiaohongshu will officially enter the capital market this year.