Xiaohongshu, an e-commerce platform backed by Alibaba and Tencent, is looking to add up to $500m in funding to its coffers from investors including SoftBank Vision Fund.
China-based e-commerce platform operator Xiaohongshu is in talks to raise up to $500m in funding from investors including telecommunications conglomerate SoftBank’s Vision Fund, The Information reported on Friday.
Venture capital firm Sequoia Capital and hedge fund manager Hillhouse Capital are also involved in the discussions, according to people familiar with the matter. Xiaohongshu, which has denied the rumours, is thought to be targeting a valuation of $6bn.
Xiaohongshu initially ran an online platform that enabled Chinese consumers to review products…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
