Xiaohongshu Plans Hong Kong IPO with Over $70 Billion Valuation

News Editor

2026-06-23 14:01:41

Xiaohongshu is preparing for a Hong Kong initial public offering with a target valuation exceeding $70 billion, marking a major step in its capital market expansion.

IPOHong KongXiaohongshu

Xiaohongshu, China's leading lifestyle-sharing platform, is reportedly preparing for an initial public offering (IPO) in Hong Kong with a target valuation of over $70 billion. This valuation underscores strong market confidence in its business model and user growth. The company has been expanding its e-commerce and advertising operations in recent years. A Hong Kong listing would provide broader financing channels and enhanced international presence. Preparations are underway, though a specific timeline has not been disclosed.

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