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EconomyFormer Xiaohongshu employee makes real-name cross-border report — could its rumoured Hong Kong listing plan change?

A person claiming to be a former Xiaohongshu employee says they have filed a real-name report with Hong Kong regulators. The report alleges that the company may have compliance problems. Scholars told BBC Chinese that if the allegations involve systemic issues, they could potentially affect the progress of the company’s Hong Kong listing plan.

XiaohongshuHong Kong listingcompliance

BBBC Chinese★★☆☆☆2026-07-15 00:44Original

Former Xiaohongshu employee makes real-name cross-border report — could its rumoured Hong Kong listing plan change?
Former Xiaohongshu employee makes real-name cross-border report — could its rumoured Hong Kong listing plan change?Economy