Chinese tech giant Alibaba Group Holding Ltd. has led a US$300 million series D round in Xiaohongshu, a social recommendation app for cross-border shopping, valuing the firm at over US$3 billion. Tencent Holdings, GSR Ventures, GGV Capital, Zhen Fund, Genesis Capital, Hong Kong businessman Adrian Cheng and Tiantu Capital also participated in the round, according to a post on Tiantu Capital’s official WeChat account. The around makes Xiaohongshu one of a few rare cases when both of China’s largest technology …

Alibaba Leads $300M Series D In Cross-Border Shopping Recommendation App Xiaohongshu appeared first on China Money Network.