【Report: Xiaohongshu's net profit is expected to exceed 1 billion USD this year】Jinshi Data, December 12th – Reports indicate that Xiaohongshu is expected to double its profits and exceed 1 billion USD in 2024. Insider sources say that the company has informed its investors that this year's net profit is expected to cross this milestone. They stated that this reflects a renewed focus on profit rather than user growth. This strong performance could reignite speculation about the startup's potential IPO; its valuation reached 20 billion USD in the last round of financing in 2021. (Sina Finance) (Transferred from: Jinshi Data)