The Tencent and Alibaba-backed social commerce platform suspended the dicussions last year but is now retrying for financing at a $6bn valuation.

Xiaohongshu, the China-based social commerce platform backed by e-commerce firm Alibaba and internet group Tencent, has begun talks to raise $400m to $500m in funding, Bloomberg reported on Friday. The prospective round would value the company, also known as Little Red Book, at roughly $6bn, according to people familiar with the matter. It has working…

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