Top-100 / Xiaohongshu (RED) Xiaohongshu (RED) Consumer · Social commerce · Near-IPO · CN IPO expected HK listing, end-2026 target FollowBuy shares Sell shares
Deal Score B 70 / 100 Open requests 0 All Buyers Sellers
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About Xiaohongshu (RED) Social commerce — Category leader (social commerce CN).
IPO outlook Preparing confidential HK filing (readied Jun 2026, Goldman Sachs + CICC); targeting listing by year-end 2026 at $70B+; company denied IPO rumors amid a compliance dispute
Key facts
Sector Consumer
Sub-sector Social commerce
Headquarters CN
Stage Near-IPO
Founded —
Website — Key investors Temasek, Tencent, Alibaba
IPO window HK listing, end-2026 target
Demand Medium Valuations are as reported and not verified. Deal Score (0-100, graded A+ to C) is Mindcap's own assessment; demand is our desk's read of buyer and seller interest (Emerging, Medium, High). Data as of August 2026. Not investment advice.