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