KEY STAT | Social commerce unicorn Red eyes US public listing

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After hiring a former Citibank executive as CFO in late March, social commerce startup Red (also known as Xiaohongshu, or “Little Red Book”) is reportedly considering a public listing in the US that is set to raise USD 1 billion for the company this year, 36Kr reported, citing the International Financing Review. Backed by investors like Tencent, Alibaba, and GGV…
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