Caixin
Apr 22, 2022 07:52 PM
TECH

Tech Insider: Xiaohongshu Slashes Workforce, Didi Scales Back in Japan

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Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

Xiaohongshu slashes workforce

Alibaba-backed social media and e-commerce app Xiaohongshu has fired 9% of its staff, a spokesperson confirmed Friday, making it the latest Chinese tech firm to launch mass layoffs after the sector’s horror year.

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