The social media and eCommerce company Xiaohongshu
has hired a new chief financial officer who was the former managing director of Citigroup in Hong Kong. This is another step towards an IPO, which has been expected from Xiaohongshu for some time. The IPO should occur in the USA, with a company valuation of more than USD 10 billion.
This briefing is contributed by and first appeared on CIMK.