Xiaohongshu, the Chinese lifestyle and social-commerce platform, is facing a renewed dispute over employee stock options. A former employee said the company terminated him in 2020 eight days before the first 50% of his options were scheduled to vest.
A person close to Xiaohongshu disputed that account, saying the vesting date was about two months after the employee’s departure. The report also cited a separate former employee who reached a RMB660,000 mediation settlement in a similar dispute. The claims remain contested and do not establish a company-wide policy or an IPO decision. [IT Home, in Chinese]