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    Ecns wire

    Social commerce startup Xiaohongshu removed from Android stores

    1
    2019-07-30 16:04:08Ecns.cn Editor : Gu Liping ECNS App Download

    (ECNS) - China’s social e-commerce startup Xiaohongshu, which means ‘little red book,’ has been removed from Android app stores for “unknown reasons”, Beijing News reported. 

    The app, a mashup of Instagram and Pinterest, can still be found on Apple’s App Store. 

    Founded in 2013, Xiaohongshu originally started as a platform to share guides on purchasing cosmetics overseas. Later, it mushroomed into a live community, with 85 million active monthly users and 250 million registered users. 

    The social media and online retailing startup raised $300 million in June 2018, the D funding round, giving the company an estimated market value of $3 billion. 

    Reports say Xiaohongshu is in talks to raise another $500 million, which would put the company’s valuation at $6 billion.

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