Xiaohongshu prepares a Hong Kong IPO built on its TikTok ban windfall
Xiaohongshu, the Chinese lifestyle platform known as RedNote, is preparing to file for a Hong Kong IPO this month with a pre-IPO valuation above $30 billion, Bloomberg reported. The company's path to public markets was shaped by the January 2025 TikTok ban, which turned it into a global name when it became the number one US App Store app within days of the ban taking effect. The filing also underscores Hong Kong's growing dominance as the default listing venue for Chinese tech as US-China tensio
