In a recent transaction through a major fund, Xiaohongshu's valuation soared to 26 billion US dollars. This valuation was revealed through a stock transaction document owned by Jinshajiang Venture Capital. According to internal documents reviewed by Bloomberg, Xiaohongshu accounts for 91% of the GSR Fund's assets. By the end of March, the portfolio's net worth had increased significantly from the previous report of $20 billion, which meant a significant increase in the valuation of the social media startup.

In a recent transaction through a major fund, Xiaohongshu's valuation soared to 26 billion US dollars. This valuation was revealed through a stock transaction document owned by Jinshajiang Venture Capital. According to internal documents reviewed by Bloomberg, Xiaohongshu accounts for 91% of the GSR Fund's assets. By the end of March, the portfolio's net worth had increased significantly from the previous report of $20 billion, which meant a significant increase in the valuation of the social media startup.