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Xiaohongshu sheds up to half its implied value in private markets

China’s answer to Instagram gained a $20bn valuation last year. Then the tide turned for the country’s start-upsSocial Media, Technology

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https://www.ft.com/content/d521c22a-22bf-4d44-a478-7ac3bf4a4538?segmentId=776b81d7-dd92-c731-e669-99cdd37d3a96#myft:my-news:rss

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