【Malagkit (2025)】
Xiaohongshu,Malagkit (2025) a Chinese social platform that is increasingly seen as a real-time search engine favored by younger generations, has received financial injections from venture capital firm DST Global in a recent sale of existing shares to current and new investors. The Financial Times first reported the news on Thursday, saying the deal valued Xiaohongshu at $17 billion. Investors that already held stakes in the company, including Hongshan (previously Sequoia China), Hillhouse, Boyu, and Citic Capital, also participated in the new round of funding. Boosted by rising e-commerce and advertising business, the lifestyle platform reportedly earned $3.7 billion in revenue and $500 million in net profit last year, the first time it was profitable since it was founded in 2013. [Financial Times]
Search
Categories
Latest Posts
Best IPL deal: Save $80 on Braun IPL Silk·Expert
2025-06-26 12:42Tropical Depression Harvey threatens Gulf Coast with flood disaster
2025-06-26 11:53Ridiculous Inflatable Swan
2025-06-26 11:46Sprint is giving away Jay Z's 4:44 concert tickets this weekend
2025-06-26 11:32Astronomers saw one galaxy impale another. The damage was an eye
2025-06-26 10:25Popular Posts
10 Tech Predictions for 2017
2025-06-26 12:01Ryan Gosling and Jay
2025-06-26 11:52Amazon is lowering prices at Whole Foods starting this Monday
2025-06-26 11:29The cicadas aren't invading the U.S.
2025-06-26 10:22Featured Posts
The internet is talking like Kevin from 'The Office' now
2025-06-26 11:51Cynthia Erivo, Nikolaj Coster
2025-06-26 11:38The best evidence that all 3 new iPhones will have wireless charging
2025-06-26 11:10The best evidence that all 3 new iPhones will have wireless charging
2025-06-26 10:31The Baffler’s May Day Round Up
2025-06-26 10:12Popular Articles
Taylor Swift's 'Look What You Made Me Do' video: Watch preview
2025-06-26 11:10Taylor Swift album 'Reputation' coming in November
2025-06-26 10:38Watch this amazing Optimus Prime toy actually transform on its own
2025-06-26 10:07Get the official Atari 7800+ Console for 50% off
2025-06-26 10:06Newsletter
Subscribe to our newsletter for the latest updates.
Comments (7831)
Focus Information Network
Get Rid of Windows 10 Ads, Office Offers and Other Annoyances
2025-06-26 11:51Style Information Network
Twitter adds live college football just a day after Facebook does the same
2025-06-26 11:37Steady Information Network
Android Oreo vs. iOS 11: how do the features compare?
2025-06-26 11:09Fashion Information Network
Halloween Cookies & Screeem M&M's have arrived at the end of August
2025-06-26 10:57Shocking Information Network
Bargaining For the Common Good
2025-06-26 10:19