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Business

Xiaohongshu pauses US IPO

Chinese e-commerce and social media company Xiaohongshu, a startup also known as Little red Book, has paused its US initial public offering plans after China tightened rules on overseas listings. The news was reported by Bloomberg. The platform, which is backed by Tencent Holdings Ltd. and Alibaba Group Holding, Ltd., is in talks with advisers...

19 Jul 2021