Xiaohongshu's valuation continues to climb at a remarkable pace, with internal documents revealing a surge to $26 billion in March and a potential leap to $30 billion in actual transactions. More recently, the offer price for existing shares has soared to an astonishing $35 billion. In response to this elevated valuation, investor Zhu Xiaohu has affirmed that no shareholders are inclined to part with their shares at this current high price.