Sequoia Capital China recently acquired a stake in Chinese social e-commerce app Xiaohongshu at a discount to the company’s most recent equity financing valuation at $14 billion, which was a 30% haircut from the company’s $20 billion valuation in late 2021. You might be familiar with this house name because it is the Chinese version of Instagram – where loyal millions of millennials post their photos and lifestyle habits as active users for their followers. The platform is also a treasure trove of information for young shoppers looking for product recommendations from friends and influencers and blends their Instagram’s social network with Pinterest’s search engine function alike. At this moment, the company has raised approximately $917.5m over 7 rounds. It’s latest funding round was a Series E for $500m on November 8, 2021. Some of the more prominent investors include the likes of Temasek, Tencent, Alibaba Group, Genesis Capital, and Tiantu Capital....