Xiaohongshu expects profits to exceed US$1 billion in 2024
Chinese social media and e-commerce platforms now prioritize profit over user growth.
Today: Jun 17, 2025
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Huawei's electric vehicle partner Seres reportedly plans to list in Hong Kong for US$1 billion
Shares of Seres, currently listed in Shanghai, have risen 80% this year.
Apple to invest US$1 billion in Indonesia: Investment Minister
A formal announcement is expected next week, following written commitments.