id,date,date_precision,status,transaction_type,round,amount_usd_low,amount_usd_high,lead_or_buyer,co_leads,valuation_usd_low,valuation_usd_high,valuation_basis,valuation_to_run_rate_multiple,multiple_bound,multiple_basis,step_up_vs_prior_closed,price_per_share_usd_low,price_per_share_usd_high,shares,source,source_url,other_source_urls,notes,last_updated
ipo-talk-2026-06-15,2026-06-15,day,IPO talk,ipo_preparation,Hong Kong IPO preparations (reported),,,,,,,"Bloomberg: timing, size and valuation still to be decided",,,,,,,,"Bloomberg via Yahoo Finance, 15 Jun 2026",https://sg.finance.yahoo.com/news/xiaohongshu-said-ready-hong-kong-024620673.html,https://www.thestandard.com.hk/finance/article/338446/Xiaohongshus-Hong-Kong-IPO-plans-face-scrutiny-after-complaint-about-corporate-structure,"Bloomberg reported plans to file confidentially in Hong Kong by the end of June 2026. Xiaohongshu told Reuters that reports it had confidentially filed in late June were not true (The Standard, 28 Jul 2026). No public filing found as of 13 Nov 2026.",2026-11-13
secondary-2025-09,2025-09,month,Tender,secondary,Secondary transaction,,,,,31000000000,31000000000,Bloomberg: valuation “surged last September to US$31 billion in a secondary-market transaction”,,,,,,,,"Bloomberg via Yahoo Finance, 15 Jun 2026",https://sg.finance.yahoo.com/news/xiaohongshu-said-ready-hong-kong-024620673.html,,"Secondary-market trade, not a company funding round.",2026-11-13
secondary-2024-07-11,2024-07-11,day,Tender,secondary,Sale of existing shares,,,DST Global and other current and new investors,,17000000000,17000000000,"Financial Times, as reported by TechNode",,,,,,,,"TechNode, 12 Jul 2024",https://technode.com/2024/07/12/xiaohongshu-gets-funding-from-former-facebook-investor-dst-global/,https://www.businessoffashion.com/articles/global-markets/worldview-chinas-xiaohongshu-reaches-17-billion-valuation/,"TechNode: DST Global invested “in a recent sale of existing shares to current and new investors”. Secondary, no new primary capital.",2026-11-13
round-2021-10,2021-10,month,Closed round,primary_equity,Funding round,500000000,500000000,"Temasek, Tencent",,18000000000,20000000000,Caixin (multiple sources): about $18B; SCMP (one source): $20B,,,,,,,,"Caixin Global, 10 Nov 2021",https://www.caixinglobal.com/2021-11-10/chinese-social-media-app-xiaohongshu-wins-18-billion-valuation-101803180.html,https://www.scmp.com/tech/tech-trends/article/3155398/chinese-social-e-commerce-app-xiaohongshu-raises-us500-million-ipo,"Source conflict on valuation, shown as a range. Caixin says the round closed in October 2021 and was Temasek’s first investment; Xiaohongshu declined to comment. No step-up: the 2018 figure is a lower bound.",2026-11-13
round-2018-06,2018-06,month,Closed round,primary_equity,Funding round,300000000,300000000,Not stated in the sources read,,3000000000,,Caixin: “a valuation of more than $3 billion”; lower bound,,,,,,,,"Caixin Global, 10 Nov 2021",https://www.caixinglobal.com/2021-11-10/chinese-social-media-app-xiaohongshu-wins-18-billion-valuation-101803180.html,,Described by Caixin as Xiaohongshu’s last known round before 2021.,2026-11-13