Xiaohongshu has raised a total of $917.7 million across multiple funding rounds, with the most recent support from DST Global in July 2024. Founded in 2013 and headquartered in Shanghai, China, the platform combines social networking with e-commerce, allowing users to share product reviews, lifestyle content, and shopping experiences. Major investors include Alibaba, Tencent, and Temasek Holdings. The funding has fueled platform expansion, enhanced e-commerce capabilities, and technological innovation, positioning Xiaohongshu as a leading social commerce hub in China with a current valuation of $20 billion.