Cash News
Xiaohongshu, the social media platform founded by Miranda Qu in 2013 with Charlwin Mao, is a mix of Instagram, Pinterest, X, and Tripadvisor. Its user base of 300 million is young, female, and largely Chinese. The app is now transforming shopping and travel across the region. The company reportedly earned $500 million in net profit in 2023; an early 2024 funding round reportedly valued Xiaohongshu at $17 billion.