Alibaba completed an investment in Xiaohongshu.

Synopsis

Alibaba, a Chinese multinational technology company, completed an investment in Xiaohongshu, a China-based social e-commerce business. Financial terms were not disclosed. The Shanghai-based company closed a $300m series D financing at a valuation more than $3bn in 2018. The round was led by Alibaba and other investors, including GSR Ventures and Tencent Investment.

Principals

target

XIAOHONGSHU

bidder

Alibaba Group Holding

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Market Context

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Seller Team (1)

charlwin mao wenchao

CEO at XIAOHONGSHU

Manager

target

Deals

£ 371 M

Total Value

Bidder Team (3)

daniel zhang

CEO at ALIBABA GROUP HOLDING LIMITED

Manager

bidder

Deals

£ 43.68 B

Total Value

peng yu

Partner at Ropes & Gray

Lawyer

bidder

Deals

£ 3.91 B

Total Value

oliver nip

Partner at Ropes & Gray

Lawyer

bidder

Deals

£ 11.78 B

Total Value

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