xiaohongshu

The Hurun Research Institute today released the "2026 Hurun Quality Life Report for High Net Worth Individuals in China," which states: "The commonly used information platforms are Xiaohongshu and Douyin, the commonly used AIs are DeepSeek and Doubao, and the most followed financial bloggers are Wu Xiaobo Channel, Xiao Lin Says, and Ren Zeping."61% of the surveyed high net worth individuals frequently use Xiaohongshu for information, which is 13 percentage points higher than Douyin. 32% of high net worth individuals frequently watch WeChat Video Accounts, and 24% frequently watch Bilibili. The enthusiasm for Eastmoney and Zhihu exceeds 20%, while Tonghuashun and Wind Info receive 14% enthusiasm.By age group, over 70% of U25 individuals use Xiaohongshu and Douyin as their most common information platforms, while U40 and those over 45 prefer to use Video Accounts. The audience for professional investment software like Eastmoney, Wind Info, and Tonghuashun is mainly U35 and U40.The top three financial bloggers that high net worth individuals most frequently follow are Wu Xiaobo Channel (38%), Xiao Lin Says (23%), and Ren Zeping (17%).The most commonly used AI assistants among the surveyed high net worth individuals are DeepSeek and Doubao. By age group, U25 most frequently uses ChatGPT, while U30, U35, U40, and U45 predominantly use DeepSeek, and respondents over 45 most frequently use Doubao.

Beijing Business Daily Financial Investigation Team published an article titled "The Surge of Cryptocurrency Speculators into Social Platforms," which points out that the chaos of cryptocurrency speculation has infiltrated platforms such as Xiaohongshu, Taobao, and Xianyu. What appears to be lifestyle sharing, newcomer benefits, or product links is, in fact, a diversion for cryptocurrency speculation, brewing a carefully woven hunting trap for ordinary people. From the perspective of diversion methods, it can be roughly divided into several situations, such as creating topics to build IP and setting up advertising links on platforms. Industry insiders believe that a "counter-hunting" battle against the chaos of cryptocurrency speculation has also begun, but to completely end this game, a joint effort from regulators, platforms, and users is needed.Not long ago, Pan Gongsheng, the governor of the People's Bank of China, publicly stated that efforts to crack down on the operation and speculation of virtual currencies within the country would continue. Since 2017, the People's Bank of China, together with relevant departments, has issued multiple policy documents to prevent and address the risks of domestic virtual currency trading and speculation, and these policy documents remain effective. In the next step, the People's Bank of China will continue to work with law enforcement agencies to combat the operation and speculation of virtual currencies within the country, maintain economic and financial order, and closely monitor and dynamically assess the development of overseas stablecoin values.

Bloomberg Businessweek Person of the Year, two-time most influential economist in China, Hong Hao posted on Xiaohongshu: BTC will only have "effective support" when it drops to the 7xxx range.

ChainCatcher news, Kanye West previously released a token video on the domestic social platform Xiaohongshu, with the video posted at 11:24 AM, about 1 hour later than the YZY token release. The page shows that this account has previously posted a total of 3 updates.

ChainCatcher news, according to a report by Jinshi, citing Sina Technology, there are reports that the major shareholder of Xiaohongshu is negotiating to sell its shares, with a valuation of at least $20 billion. As the potential TikTok ban in the U.S. approaches, this deal has attracted interest from Tencent Holdings Limited and other well-known investors.According to informed sources, Xiaohongshu's supporters GGV Capital, GSR Ventures, and Tiantu Capital are in talks to sell part of their shares. Interested investors include existing shareholders Sequoia China and Hillhouse Capital. Tencent is also considering whether to increase its stake. In this regard, Sina Technology has sought confirmation from Xiaohongshu's official representatives, but as of the time of publication, there has been no response. (Jinshi)

ChainCatcher news, according to Jinshi reports, informed sources revealed that Xiaohongshu's largest shareholder, GGV Capital, GSR Ventures, and Tian Tu Capital are negotiating to sell part of their shares, with a valuation of no less than $20 billion. Existing shareholders Sequoia Capital (formerly Sequoia China) and Hillhouse Investment have shown acquisition intentions, and Tencent is also considering increasing its stake.Due to the potential ban on TikTok in the United States, this transaction has attracted market attention. Informed sources pointed out that due to existing shareholders having the right of first refusal and the uncertain situation regarding TikTok, the transaction still carries uncertainties.

ChainCatcher news, according to Jinshi reports, the Tianyancha App shows that Xiaohongshu Technology Co., Ltd. has applied to register multiple "REDnote" trademarks in May 2024, with international classifications involving communication services, education and entertainment, scientific instruments, and more.Recently, the company's application for the communication services and social services category "REDnote" has been successfully registered, while the remaining trademarks have been rejected and are under review.It is worth noting that recently, Xiaohongshu Technology Co., Ltd. has applied to register multiple "REDPlayer" trademarks, with international classifications involving scientific instruments and education and entertainment, and the current trademark status is awaiting substantive examination.

ChainCatcher news, according to @ai_9684xtpa's monitoring, as TikTok users flock to Xiaohongshu, related concept Meme coins have attracted market attention. The main Xiaohongshu concept Meme coins currently on the market include:$momo: Market cap of 7.3 million USD, inspired by the default account name on Xiaohongshu, symbolizing the platform's privacy and mutual trust culture, with supporters known as the Momo army.$薯队长: Market cap of 330,000 USD, named after the official Xiaohongshu account "薯队长", whose sweet potato image has 7.436 million fans on the platform, known as the "top influencer on Xiaohongshu."$REDnote: Market cap of 940,000 USD, derived from Xiaohongshu's nickname among TikTok overseas users, with related variant Memes also quite popular.

According to ChainCatcher news, data from Google Trends shows that the search interest in "Xiaohongshu" (translated as "little red book" in English) in the United States has significantly increased.With the U.S. crackdown on ByteDance, some TikTok users have started to turn to Xiaohongshu, jokingly calling themselves "TikTok refugees," and even jokingly stating that they are learning Chinese and planning to "move to China." Xiaohongshu users have responded enthusiastically, welcoming American users and even asking them for help with their English homework.Data shows that Xiaohongshu (RedNote) has now risen to the top of the free app download rankings in the Apple App Store in the U.S. region.

ChainCatcher news, according to the "Science and Technology Innovation Board Daily," apps such as WeChat, Taobao, and Xiaohongshu have launched a pilot program for "online identity cards." Users can apply for a virtual "online identity card" through the "National Online Identity Authentication App (Certification Version)" for real-name verification. The pilot phase covers 67 applications and scenarios, including the National Government Service Platform, China Railway 12306, Taobao, WeChat, and more. This initiative aims to simplify the identity verification process and ensure user privacy and security.Previously, the Ministry of Public Security and the National Internet Information Office drafted the "National Online Identity Authentication Public Service Management Measures (Draft for Comments)" (hereinafter referred to as the "Draft for Comments"), which contains a total of 16 articles. The core is "to provide services such as applying for online numbers, online certificates, and identity verification for natural persons." The "Draft for Comments" was publicly solicited for opinions from society on July 26, 2024, with feedback due by August 25, 2024.

ChainCatcher news, Conflux tweeted that the NFT project Weirdo Ghost Gang has reached a collaboration with Xiaohongshu's "R-Space". Holders of Weirdo Ghost Gang's NFTs who verify and showcase their Lil Ghost NFTs on the Xiaohongshu APP will receive a limited edition "digital badge" from Conflux. (source link)

ChainCatcher news, Xiaohongshu has integrated Conflux Network, allowing users to showcase NFTs minted on Conflux in the digital collectibles section of their profile page called "R-Space."It is reported that Conflux is a permissionless Layer 1 blockchain that recently transitioned to a hybrid PoW/PoS consensus, providing a fast, secure, and scalable blockchain environment. Conflux collaborates with global brands and government entities on blockchain and metaverse initiatives, including the Shanghai government, McDonald's China, and Oreo. (source link)