chinese language information superhighway technology giants expand into Hengqin

chinese social media and e-commerce platform Xiaohongshu has lately followed within the footsteps of TikTok's proprietor ByteDance by using setting up a subsidiary in Hengqin, Zhuhai.

Xiaohongshu is a general social media platform regularly talked about as the 'chinese version of Instagram'. comparable to its American equivalent owned by way of Meta systems, its clients can produce content and make comments. It also services as an counsel-searching browser similar to search giants Baidu and Google.

On 19 June, Xiaohongshu technology (Zhuhai Hengqin) become registered in the neighbouring cooperation zone with a capital of RMB51 million (MOP 53 million/ US$7.1 million).

The enterprise's registration displays a wide company scope, including information know-how session, advertising construction, organising cultural and inventive actions, knowledgeable design features, as well as marketing.

In April, ByteDance – the mum or dad enterprise of TikTok and Douyin – also centered a foothold in the neighbouring metropolis.

The business, named Zhuhai Qingniao Kunlun network technology, is fully owned by means of Shanghai Gewu Zhiyuan community know-how, a subsidiary of Douyin neighborhood (HK).