Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (Echo Wong/Bloomberg)

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Document: Xiaohongshu, a TikTok alternative known in the US as Rednote, has surged to a $26B valuation based on recent market transactions via a GSR fund (Echo Wong/Bloomberg)

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