Xiaohongshu World Cup Bet: $1.4B Rights, 400M Users, IPO Plans
In May, Xiaohongshu made a move nobody expected. The lifestyle app, also called RedNote or Little Red Book, spent close to 10 billion RMB, about 1.4 billion USD, on streaming rights for all 104 matches of the 2026 FIFA World Cup in China. The deal was reported and analysed at length by Huxiu. This is […]