Financial Times:

Sources: Chinese social media startup Xiaohongshu reported $500M in net profit on $3.7B revenue in 2023, its first profit, and reached 312M MAUs, up 20% YoY  —  Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last year  —  Chinese social media sensation Xiaohongshu …

Financial Times:

Sources: Chinese social media startup Xiaohongshu reported $500M in net profit on $3.7B revenue in 2023, its first profit, and reached 312M MAUs, up 20% YoY  —  Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last year  —  Chinese social media sensation Xiaohongshu …

Source: TechMeme
Source Link: http://www.techmeme.com/240324/p10#a240324p10