logo
Social media, e-commerce platform Xiaohongshu – or RedNote in English – sets up office in Hong Kong

Social media, e-commerce platform Xiaohongshu – or RedNote in English – sets up office in Hong Kong

HKFP09-06-2025
Chinese social network and e-commerce platform Xiaohongshu, known in English as RedNote, has set up an office in Hong Kong – its first outside mainland China.
Finance chief Paul Chan officiated at an opening ceremony on Saturday, saying the new office would 'enhance the visibility of Hong Kong's tourism, retail, dining and creative industries,' according to a government press release.
Invest Hong Kong (InvestHK) said the move would help ensure enhanced services for cross-border users and brands.
'As a leading lifestyle community from China, Xiaohongshu's presence will foster creative collaboration among local content creators, brands and organisations, and promote East-meets-West cultural exchanges and content marketing development among Hong Kong, the Mainland and the global markets,' InvestHK's Director-General of Investment Promotion Alpha Lau said.
Founded in 2013, Xiaohongshu – which literally means 'little red book' – allows its young user base to share fashion, beauty, travel, food, and other tips as a hub for consumption decision-making. It is particularly popular among affluent Gen Z users in urban China, according to Bloomberg.
It was thrust into the international spotlight in January, gaining an influx of American users amid fears that the US would shut down the popular TikTok video app, owned by Chinese tech firm ByteDance.
However, it is also known for heavily censoring or limiting topics sensitive to Beijing. Taiwan's government banned public servants from using the app on official devices in 2022 over national security concerns.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

HK stocks ease up as Trump flags tariffs leeway
HK stocks ease up as Trump flags tariffs leeway

RTHK

timean hour ago

  • RTHK

HK stocks ease up as Trump flags tariffs leeway

HK stocks ease up as Trump flags tariffs leeway The Hang Seng Index put on 39 points, or 0.17 percent, at Tuesday's open. File photo: RTHK Mainland Chinese and Hong Kong stocks opened mixed on Tuesday. The benchmark Hang Seng Index in Hong Kong rose 39 points, or 0.17 percent, to open at 23,927. Across the border, the benchmark Shanghai Composite Index rose 0.04 percent to open at 3,474 while the Shenzhen Component Index opened 0.04 percent lower at 10,431. The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, was down 0.03 percent to open at 2,129. In Tokyo, the Nikkei share average rose, buoyed by a weakening yen and as US President Donald Trump gave an additional three-week grace period for tariff negotiations. By midday local time, the Nikkei gained 0.2 percent to 39,679 while the broader Topix added 0.1 percent. Trump reignited his trade war by threatening more than a dozen countries with higher tariffs on Monday – but then said he may be flexible on his new August deadline to reach deals. In a move that will cause fresh uncertainty in a global economy already unsettled by his tariffs, the 79-year-old once again left the countries room to negotiate a deal. "I would say firm, but not 100 percent firm," Trump told reporters at a dinner with visiting Israeli Prime Minister Benjamin Netanyahu when asked if the August 1 deadline was firm. Pressed on whether the letters were his final offer, Trump replied, "I would say final – but if they call with a different offer, and I like it, then we'll do it." (Xinhua/Agencies)

Australia PM Albanese confirms China visit
Australia PM Albanese confirms China visit

RTHK

time2 hours ago

  • RTHK

Australia PM Albanese confirms China visit

Australia PM Albanese confirms China visit Albanese last visited China in 2023. File photo: AFP Australian Prime Minister Anthony Albanese said on Tuesday that he would visit China from this weekend as Beijing looks to build on partnerships on AI, green energy and the digital economy. "I look forward to going to Shanghai, Beijing and Chengdu, which I will visit from Saturday," Albanese told reporters in Hobart. He did not give more details about his trip. This would be Albanese's second visit to China as prime minister, after his re-election in May. Albanese's first visit to Beijing as Prime Minister in 2023 broke a seven-year freeze in diplomatic ties, and he emphasised the need for communication with China, despite differences between the two trading partners. Albanese's trip comes as China, its largest trading partner, suggested a review of the 10-year-old free trade agreement between the two countries to boost ties in agriculture and mining, and explore growth areas in new technologies. "We are willing to review the agreement with a more open attitude and higher standard," Xiao Qian, the Chinese ambassador to Australia, wrote in The Australian Financial Review on Monday. When asked if Australia would look to expand the free trade deal with China to include AI, Albanese said: "We will determine our policy." (Reuters)

US plans to tighten AI chip export rules for Malaysia, Thailand
US plans to tighten AI chip export rules for Malaysia, Thailand

AllAfrica

time5 hours ago

  • AllAfrica

US plans to tighten AI chip export rules for Malaysia, Thailand

The United States plans to tighten its export controls on Nvidia's high-end artificial intelligence (AI) chips, specifically targeting Malaysia and Thailand, to prevent Chinese firms from obtaining those processors to train their AI models. The US Commerce Department is drafting a preliminary version of a new export rule that would require any company to obtain a license before exporting AI graphics processing units (GPUs) to the two Southeast Asian countries, according to a Bloomberg report. The report, citing people familiar with the matter, stated that the new rule is still being finalized and may be subject to change. It also said the new rule will include some measures to ensure it does not disrupt the supply chain in Southeast Asia. The report followed an interview with an unnamed senior State Department official, who told Reuters on June 23 that China's DeepSeek sought to use Southeast Asian shell companies to obtain high-end Nvidia chips, including H100 chips, which cannot be shipped to China under US rules. Reports since late June say the US has started easing its export controls for In return, Beijing has relaxed its export controls on key minerals for the US. However, the de-escalation of the US-China trade war does not mean that Washington will stop its plan to push forward its strategic decoupling from China. Malaysia's Investment, Trade, and Industry Minister, Tengku Zafrul Aziz, was quoted by the Financial Times on March 23 as saying that the US had asked the Malaysian government to monitor every shipment of Nvidia chips that comes to Malaysia. Zafrul said he had formed a task force with Digital Minister Gobind Singh Deo to tighten regulations on Malaysia's expanding data center industry. 'They want us to make sure that servers end up in the data centers that they're supposed to and not suddenly move to another ship,' he said. Washington's call for investigating end-users of Nvidia's AI chips in Malaysia followed Singapore's charges against three men in February for allegedly helping to ship Nvidia's high-end chips to DeepSeek in China in 2024. Media reports said the case involved US$390 million worth of AI chips. The defendants, including two Singaporeans and a Chinese national, were accused of shipping servers containing Nvidia chips to Malaysia and potentially to other locations. If convicted, they could face penalties of jail terms of up to 20 years or fines or both. On May 13, the US Commerce Department's Bureau of Industry and Security (BIS) rescinded the Biden administration's AI diffusion rule and replaced it with three guidelines to forbid companies from using Ascend chips, deploying US chips to help Chinese firms train their AI models or re-exporting US high-end chips to China. The guidelines said AI chip exporters, re-exporters, or transferors must apply for licenses if they have 'knowledge' that their customers will use the processors to train AI models for or on behalf of parties headquartered in US-arms-embargoed countries (or D:5 countries), including China and Macau. The Wall Street Journal reported on June 12 that four Chinese technology engineers flew in from Beijing to Kuala Lumpur, each carrying 15 hard drives with 80 TBs of data per drive to train an AI model. The 60 hard drives, containing a combined 4.8 petabytes of data, were sufficient for training several large language models (LLMs). OpenAI's ChatGPT is an example of an LLM. The Chinese personnel processed their data by renting 300 Nvidia AI servers at a local data center. The WSJ said that US regulations strongly focus on restricting the exports of physical chips but not cloud-based computing power, creating a significant loophole that Chinese firms have effectively leveraged. 'Malaysia has just joined BRICS (led by Brazil, Russia, India, China, and South Africa) but secretly informed the US and helped it eliminate its chip export controls' loophole,' a Henan-based columnist writes in an article. 'Malaysia's snitching behavior has caused China to be highly vigilant!' The columnist said Malaysia has made a dangerous move, as some other Southeast Asian countries may follow in its footsteps to stab China in the back. He said Malaysia should be aware that China has passed an Anti-Foreign Sanctions Law, which allows for the sanctioning of any company that assists the US in suppressing Chinese firms. On July 5, Ruan Jiaqi, a columnist at published an article saying that the United States' 'black hand' is reaching out to Malaysia and Thailand despite the Trump administration's rescission of the Biden administration's AI Diffusion Rules in May. 'Washington's evil intention of targeting China has not ended,' Ruan says. 'The US maintains not only chip restrictions targeting China, imposed in 2022 and ramped up several times since then, but also a 2023 measure unveiled by Biden officials designed to address smuggling concerns and increase visibility into key markets.' Reiterating the Chinese Foreign Ministry's previous statement, she says China has declared its solemn position on the United States' malicious blocking and suppression of China's chip sector. 'The US has politicized trade and tech issues, overstretched the concept of security and used these issues as tools, stepping up chip export controls against China and coercing other countries into going after China's semiconductor industry,' she says. 'Such moves hinder the development of the global chip industry and will backfire and hurt the US itself and others in the end.' Read: DeepSeek gets Nvidia's high-end GPUs via Singapore: US official

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store