The Tencent and Alibaba-backed social commerce platform suspended the dicussions last year but is now retrying for financing at a $6bn valuation.
Xiaohongshu, the China-based social commerce platform backed by e-commerce firm Alibaba and internet group Tencent, has begun talks to raise $400m to $500m in funding, Bloomberg reported on Friday.
The prospective round would value the company, also known as Little Red Book, at roughly $6bn, according to people familiar with the matter. It has working with an adviser and is feeling out potential participants.
Founded in 2013, Xiaohongshu operates an online platform with 300 million registered users as of July…
