Stake sale talks value China's TikTok-rival Xiaohongshu at $20 billion, Bloomberg News reports
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(Reuters) - Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent, among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Mrigank Dhaniwala)