Xiaohongshu Accelerates Hong Kong IPO Plan, Hires Goldman Sachs and CICC for H2 2026 Listing

According to sources reported by Zhitong Finance, Xiaohongshu is accelerating its Hong Kong IPO plans and has hired Goldman Sachs and CICC to prepare for the listing, expected as early as H2 2026. The social media platform is recruiting international senior executives to join its board to strengthen corporate governance. If the IPO proceeds successfully, it would mark the first major IPO by a Chinese internet company since Didi's 2021 listing.
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