Xiaohongshu has nothing to do with ByteDance. Xiaohongshu is a social e-commerce company with shares held by the founder team and Alibaba, while ByteDance is an independently operated entity and has no equity or business relationship with it.
Xiaohongshu and ByteDance:
No, Xiaohongshu and ByteDance Nothing to do.
Xiaohongshu is a Chinese social e-commerce company founded in 2013 and headquartered in Shanghai.
Ownership structure:
- Xiaohongshu was co-founded by Mao Wenchao and Qu Fang.
- Currently, most of Xiaohongshu’s shares are held by the founder team.
- Alibaba Group is its largest external shareholder, holding about 21% of the shares.
Relationship with ByteDance:
Xiaohongshu has no equity or business relationship with ByteDance. The two companies are independently operating entities with different business priorities.
The above is the detailed content of Is Xiaohongshu owned by ByteDance?. For more information, please follow other related articles on the PHP Chinese website!
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