<p>According to news from Shenchao TechFlow, on January 16, as reported by Jinshi, informed sources revealed that Xiaohongshu's largest shareholders, GGV Capital, GSR Ventures, and Tian Tu Capital, are in negotiations to sell part of their shares, with a valuation of no less than 20 billion USD. Existing shareholders Sequoia Capital (formerly Sequoia China) and Hillhouse Investment have expressed acquisition intentions, and Tencent is also considering increasing its stake.</p>
<p>Due to the potential ban on TikTok in the United States, this transaction has drawn market attention. Informed sources pointed out that due to the existing shareholders' right of first refusal and the uncertain situation regarding TikTok, there remains uncertainty surrounding the deal.</p>

<div>
<p>According to Deep Tide TechFlow, on January 16, reports from Jin Ten indicate that informed sources have revealed that Xiaohongshu's largest shareholders, GGV Capital, GSR Ventures, and Tian Tu Capital, are in negotiations to sell part of their stakes, with a valuation of no less than 20 billion USD. Existing shareholders Sequoia Capital Group (formerly Sequoia China) and Hillhouse Investment have shown acquisition interest, while Tencent is also considering increasing its stake.</p>
<p>The transaction has attracted market attention due to TikTok facing a potential ban in the United States. Informed sources pointed out that there is still uncertainty in the transaction, as existing shareholders have preemptive rights and the situation regarding TikTok remains unclear.</p>
</div>

Informed sources: The largest shareholder of Xiaohongshu is negotiating the sale of a portion of its shares, with a valuation of no less than 20 billion USD.