Value Vacuum: China’s command versus India’s concessions
- Posted on October 19, 2024
- By Business News Today
- 2 Views
Value Vacuum: China’s command versus India’s concessions
According to a recent report by The Financial Times, Xiaohongshu, a popular social media platform in China, recorded $1 billion in sales and $200 million in profits in the first quarter of the year. With a user base of over 300 million and a valuation surpassing $17 billion, its success is impressive.
