Financials, Consumer Staples Jan 19, 2022 11:59 AM (GMT+8) · EqualOcean
Xiaohongshu announced that it has officially filed a lawsuit against four notification platforms and MCN institutions, including micro media announcement, Chengbao and Nanjing mussel. These institutions are engaged in the business of "writing and issuing" false grass planting notes, helping merchants and bloggers carry out false promotion, causing great harm to the content ecology and reputation of the platform, and seriously damaging the legitimate rights and interests of users, Therefore, xiaohongshu requires the above institutions to immediately stop the false promotion and trading against xiaohongshu, and compensate xiaohongshu for the economic loss of 10 million yuan. The compensation will be used for the management of false grass planting on the platform.