[Xiaohongshu Plans to Go Public in Hong Kong by Year-End, Target Valuation Exceeds $70 Billion] According to The Wall Street Journal, Xiaohongshu plans to go public in Hong Kong as early as the end of this year. Major investors are seeking to value Xiaohongshu at over $70 billion. In recent private secondary market transactions, Xiaohongshu's valuation has already exceeded $50 billion. Xiaohongshu is expected to achieve a net profit of over $3 billion this year.