In 50 Words: Sequoia Capital China acquires Xiaohongshu stake at discount

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In 50 Words: Sequoia Capital China acquires Xiaohongshu stake at discount

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Sequoia Capital China has obtained a stake in Chinese social commerce app Xiaohongshu at a US$14 billion valuation – a 30% discount compared to the latter’s late 2021 valuation.

The purchase took place through several transactions with existing investors.

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