Tired of ads? Enjoy an ad-free experience by signing up.
👩‍🍳 How we use AI at Tech in Asia, thoughtfully and responsibly.
🧔‍♂️ A friendly human may check it before it goes live. More news here

Xiaohongshu grows for luxury goods in social ecommerce

Xiaohongshu, a Chinese social media platform similar to Instagram, is gaining traction as an ecommerce channel for high-end and niche brands.

The platform’s integration of livestream ecommerce and a conversational influencer approach stands in contrast to the more aggressive sales tactics used on platforms like Alibaba’s Taobao and ByteDance’s Douyin.

Luxury brands, such as Coach and L’Oreal, are increasingly using Xiaohongshu.

Some brands open stores directly on the platform, while others partner with influencers for livestream events showcasing various products.

Recent Xiaohongshu developments

Timeline
15-Dec-2024 📈 Xiaohongshu said to target Hong Kong IPO
  • Xiaohongshu moves towards Hong Kong IPO
  • Company aims to double profits to $1B by 2024
12-Dec-2024 💹 Xiaohongshu expects over $1b profits in 2024
  • Xiaohongshu aims for $1B profit in 2024.
  • Focus shifts from user growth to profitability.
07-Nov-2024 🌩️ Alibaba Cloud completes largest migration for Xiaohongshu
  • Alibaba Cloud migrates 500,000 TB for Xiaohongshu
  • Project involved 1,500 employees over one year
15-Oct-2024 📈 Xiaohongshu hits $1b Q1 revenue
  • Xiaohongshu reports $1B Q1 sales revenue
  • Net profit rises to $200M, 20% user growth
21-Apr-2022 📉 Chinese social commerce firm Xiaohongshu to axe 20% staff
  • Xiaohongshu to lay off 20% of staff
  • Freshers in Shanghai, Beijing mostly affected

Stay ahead in Asia’s tech landscape

You've reached your 2 free content limit for the month. Sign up for free to read the full story.

🏄 For casual readers / 👶 Free

Basic

US$0

Free forever

Get instant access to this article and more every month

0 premium content

Unlimited news briefs

5

5 articles

Ad-free reading experience

Just US$0 per day

⌛Sign up in 20s. No payment details needed.

📖 For learners / 👍 Starter

Lite

US$4.92/month

Billed annually at US$59/year

Get instant access to this article and more every month

4

4 premium content

Unlimited news briefs & articles

Ad-free reading experience

Just US$0.17 per day

Cancel anytime

Our subscriber community includes professionals from these companies:

Stay updated on the go with our mobile app.

Get latest insights with smoother, more personalized experience through TIA mobile app.