Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY (Financial Times)

Financial Times:
Sources: Chinese social media startup Xiaohongshu reported its first profit with $500M in net profit on $3.7B revenue in 2023, and reached 312M MAUs, up 20% YoY  —  Shanghai-based unicorn known as ‘little red book’ brought in $500mn in net profit last year  —  Chinese social media sensation …