Xiaohongshu Plans Hong Kong IPO at Over $70 Billion Valuation

News Editor

2026-06-23 09:01:40

Xiaohongshu is planning to list in Hong Kong as early as the end of this year, with a target valuation of over $70 billion, and is expected to generate net profit exceeding $3 billion this year.

XiaohongshuIPOHong Kong listingvaluation

According to a report by The Wall Street Journal on June 17, Chinese lifestyle and video-sharing platform Xiaohongshu plans to list in Hong Kong as early as the end of this year, with major investors seeking a valuation of over $70 billion. The company was valued at more than $50 billion in recent private secondary market transactions. Founded in 2013 by Mao Wenchao and Qu Fang, Xiaohongshu started as a shopping guide app and has grown into one of China's most influential social media platforms. It is expected to generate net profit exceeding $3 billion this year.

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