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MARKET

China's Red Note valued at US$26b, IPO seen on horizon

MARKET
05-06-2025 12:13 HKT
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Photo by REUTERS
Photo by REUTERS
Red NoteXiaohongshusocial mediaviolationBloombergGSR VenturesTikTokByteDance
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File Photo/Reuters
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People use their mobile phones, ahead of new law banning social media for users under 16 in Australia, at dusk in Brisbane, Australia, December 8, 2025. REUTERS/Hollie Adams
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Photo by WILLIAM WEST / AFP A photo taken on November 18, 2025 shows Zoe Jones with her 12-year-old influencer daughter Ava in Melbourne.
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Photo by KIRILL KUDRYAVTSEV / AFP This photo illustration created on January 9, 2025, in Frankfurt am Main, western Germany, shows US online social media and social networking service Facebook logo displayed on a smartphone in front of the media giant Meta's logo on a laptop screen.
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