(Reuters) – Backers of China’s Xiaohongshu are looking to sell a part of their stake to the likes of Tencent, among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.
(Reporting by Aaditya Govind Rao in Bengaluru; Editing by Mrigank Dhaniwala)
