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XIAOHONGSHU
Xiaohongshu
Social media and e-commerce · Shanghai · China · Founded · 2013 · ≈ · 7,500 · employees

Xiaohongshu Valuation: $50B After the Dec 2025 Private Secondary Trading

Private

Xiaohongshu was last valued at $50B (tender). It comes from the Private Secondary Trading of Dec 2025. The company is private, so there is no listed share price.

ProfileValuationFundingCompetitorsStock & IPOHow to invest
Xiaohongshu valuation · at a glance
Last valuation
$50B
TENDER · DEC 2025
Lead investors
10
across 9 rounds
Raised across rounds
$917.5M
9 rounds
Date of last round
Dec 2025
closed 1 Dec 2025
Valuation history

How the Xiaohongshu valuation has moved

4 valuations. The latest, $50B tender, was set by the Private Secondary Trading in Dec 2025.

$50B
Jun 2018
$3B
Growth round · post-money
Jan 2023
$14B
Secondary share purchase
+367% vs prior valuation
Jul 2024
$17B
Secondary stake sale
+21% vs prior valuation
Dec 2025
$50BLATEST
Private Secondary Trading · tender
+194% vs prior valuation
Latest valuation
$50Btender
Set by the Private Secondary Trading · 1 Dec 2025
×16.7since the $3B Growth round in Jun 2018
Valuations
4
Priced rounds with a valuation
Event type
Secondary sale
The Private Secondary Trading
Undated: Series E at —.
Funding rounds

Xiaohongshu rounds and the valuation each one set

9 rounds
Round
Date
Amount
Valuation
Basis
Private Secondary Trading LATEST
1 Dec 2025
—
$50B
TENDER
Secondary stake sale
1 Jul 2024
—
$17B
—
Secondary share purchase
1 Jan 2023
—
$14B
—
Growth round
1 Jun 2018
$300M
$3B
POST-MONEY
Series C
1 Mar 2016
$100M
—
—
Series B
1 Jun 2015
$17.5M
—
—
Series A
1 Aug 2014
—
—
—
Seed
1 Sep 2013
—
—
—
Series E
—
$500M
—
—
Lead investors
Leads: Alibaba Group, Boyu Capital, CITIC Capital, DST Global, Hillhouse Investment, HongShan (Sequoia China), Notable Capital, Sequoia China (HongShan), Temasek Holdings, Tencent.
Full funding history — Xiaohongshu profile ›
What the valuation means

What the $50B actually measures

A private valuation is the price agreed in one transaction. The Xiaohongshu valuation of $50B is a tender figure from the Private Secondary Trading dated 1 Dec 2025 .

The valuation holds until the next priced round or secondary sale. A private company founded in 2013 with roughly 7,500 people has no daily price and no order book between rounds.

Where the $50B comes from
EventPrivate Secondary Trading, dated 1 Dec 2025
Basistender

Frequently asked questions

Who has invested in Xiaohongshu?›

Lead investors for each round are in the funding timeline.

Who are Xiaohongshu's competitors?›

The closest social media and e-commerce peers are on the competitors page.

How can I get exposure to Xiaohongshu?›

The routes section explains what is realistically available for a company at this stage.

Is Xiaohongshu publicly traded?›

No. Xiaohongshu is a private company; its shares do not trade on a public exchange.

What is Xiaohongshu's valuation?›

The last valuation is $50B (tender, Dec 2025).

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