China’s Instagram Just Dropped a $3B Bombshell–and It’s Still Private
This article first appeared on GuruFocus. Xiaohongshu, China’s lifestyle-content darling, is starting to look less like a TikTok cloneand more like a profit machine. The Shanghai-based company, known internationally as RedNote, has privately told investors it expects to triple profit this year to $3 billion, according to people briefed on the matter. That puts it…