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Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY (Financial Times)
March 25, 2024, 2:35 a.m. |
Techmeme www.techmeme.com
Financial Times:
Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY — Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last year — Chinese social media sensation …
chinese financial media net profit profit revenue shanghai social social media startup
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