Xiaohongshu’s Soaring Valuation: a Final Tango Before Listing?

A new funding for the company sometimes called ‘China’s Instagram’ has valued it at $20 billion Key takeaways: Xiaohongshu has completed a new funding round that has doubled its value from just 3 months earlier Some analysts believe such aggressive valuation increases often come ahead of IPOs, though the company has yet to announce any such plans By Jony Ho Chinese online social and shopping platform Xiaohongshu has completed a new financing round, providing a major boost to its valuation. The funding announced last week has lifted the company’s market…

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Following Rough Year, Is Burning Rock Set to Turn the Corner?

Cancer testing specialist expects sharply slower growth this year than previous guidance due to Covid-related travel restrictions Key Takeaways: Burning Rock expects fourth-quarter revenue to grow just 6% year-on-year due to latest Covid-related travel restrictions in China Cancer testing specialist’s newer in-hospital lab business could boost growth through its strong scalability potential and lower vulnerability to Covid travel restrictions By Doug Young If it were a hospital patient, cancer testing specialist Burning Rock Biotech Ltd. (BNR.US) might be best described as in “stable condition.” That seems to be the key…

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