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New Deal


Announced

Completed

Temasek and Tencent lea a $500m funding round in Xiaohongshu.

Financials

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Transaction Value£370m
Consideration TypeCash
Capital Owned-
Capital Bid For3%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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Cross Border

Private

E-commerce

e-commerce platform

China

Private Equity

Minority

Friendly

Completed

Venture Capital

Acquisition

Synopsis

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Temasek and Tencent lea a $500m funding round in Xiaohongshu, a social e-commerce app. Additional investors include Genesis Capital, Tiantu and Alibaba . Xiaohongshu, also known as RED, is a social media and e-commerce platform. It has been described as "China's answer to Instagram". Xiaohongshu also operates RED Mall, which sells international products to Chinese users.

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