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Alibaba Leads USD 300 Mln Round in Overseas Travel and Shopping SNS App 'Little Red Book'
The Beijing News, 5/31/18
Xingyin Information Technology, operator of overseas travel and shopping SNS app Xiaohongshu.com (Little Red Book), recently made an internal announcement that the company has completed USD 300 mln in new funding led by Chinese internet conglomerate Alibaba Group (NYSE: BABA) with participation by GSR Ventures, Tencent Investment, Granite Global Ventures, Genesis Capital (Yuansheng Capital), Tiantu Capital, ZhenFund, and K11 Art Foundation founder Adrian Cheng, according to a source at the company speaking with online media outlet The Beijing News. Read More
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