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Xiaohongshu, a Chinese social media site akin to Instagram, sees booming e-commerce sales, targeting luxury goods.
Xiaohongshu, a Chinese social media platform similar to Instagram, is seeing growing e-commerce sales, particularly for niche and high-end products.
By focusing on aspirational lifestyles, it attracts less price-sensitive users, differentiating itself from discount-focused competitors like Taobao and Pinduoduo.
Brands are partnering with influencers for livestream sales, and the platform's e-commerce GMV is projected to exceed $100 billion by 2025.
4 months ago
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