Sources: Xiaohongshu, China’s fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST took part in the round (Eleanor Olcott/Financial Times)

Eleanor Olcott / Financial Times:
Sources: Xiaohongshu, China's fastest-growing social media platform, sold existing shares in recent weeks at a $17B valuation; DST took part in the round  —  Yuri Milner's DST Global takes stake at $17bn valuation in rare investment from overseas after China's tech crackdown