The Xiaohongshu icon seen on a smartphone on June 10, 2020. The operator of the social e-commerce app has raised another US$500 million after being forced to put its IPO plans on hold. Photo: Shutterstock
The Xiaohongshu icon seen on a smartphone on June 10, 2020. The operator of the social e-commerce app has raised another US$500 million after being forced to put its IPO plans on hold. Photo: Shutterstock
E-commerce

Chinese social e-commerce app Xiaohongshu raises US$500 million as IPO plans hit roadblock amid regulatory tightening

  • The platform known as China’s answer to Instagram raised the money from existing investors after being forced to put IPO plans on hold
  • Xiaohongshu is one of several tech companies that planned to list overseas until Beijing made government probes part of the process

Topic |   E-commerce
The Xiaohongshu icon seen on a smartphone on June 10, 2020. The operator of the social e-commerce app has raised another US$500 million after being forced to put its IPO plans on hold. Photo: Shutterstock
The Xiaohongshu icon seen on a smartphone on June 10, 2020. The operator of the social e-commerce app has raised another US$500 million after being forced to put its IPO plans on hold. Photo: Shutterstock
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