GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% to $31B from $26B in March during recent GSR transactions (Echo Wong/Bloomberg)

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GSR fund documents: TikTok rival Xiaohongshu, known as RedNote in the US, saw its valuation rise 19% to $31B from $26B in March during recent GSR transactions (Echo Wong/Bloomberg)

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