Xiaohongshu is operated by Xingyin Information Technology Ltd., which is based in Shanghai and owned by the billionaire entrepreneurs Charlwin Mao and Miranda Qu. Xingyin holds a minority stake in a ...
It’s a surprising choice since Xiaohongshu is Chinese-owned, and such ties are the reason U.S. lawmakers moved to ban TikTok in the U.S., citing privacy and national security concerns.
As TikTok anxiously awaits a Supreme Court decision that could determine whether it will be banned in the United States, users are preemptively fleeing the app and migrating to another Chinese ...