Xiaohongshu denies rumors of Alibaba's acquisition: it is a rumor.

Today, there was news on social media that "internal sources say that Xiaohongshu is about to be acquired by Alibaba." In response, Sina Technology reached out to both Alibaba and Xiaohongshu for verification, with Xiaohongshu stating, "The above information is a rumor." Alibaba has not responded as of press time. As early as 2019, rumors regarding Alibaba's acquisition of Xiaohongshu, and the entry of Alibaba's HRG into the company, have surfaced. In response, Xiaohongshu executives publicly stated, "It is a rumor, and we have sent letters to the source of the rumor to hold them accountable." Public information shows that since its founding in 2013, Xiaohongshu has received a total of 7 rounds of funding, with investors including Tencent, Alibaba, DST Global, ZhenFund, and CITIC Capital, totaling over 900 million US dollars. Recently, according to foreign media reports, an internal document from March of this year from Jing Sand River Ventures revealed that Xiaohongshu's valuation has risen to 26 billion US dollars, a 50% increase from the 17 billion US dollars at the end of 2023, surpassing its historical peak valuation of 20 billion US dollars in 2021.