Chinese lifestyle-focused social platform Xiaohongshu’s CFO, Yang Ruo, has left the company to join Fosun Group, Caijing reported on Sept. 24. Xiaohongshu said Yang resigned for family reasons, but the move has once again triggered speculation over whether the company is eyeing a public listing. A source close to Xiaohongshu told local media outlet Caijing that the departure of its CFO doesn’t directly indicate that the company has changed its IPO strategy, and Xiaohongshu didn’t respond to questions over whether there are plans to go public. Yang joined Xiaohongshu in March 2021, amid widespread speculation that the company was preparing for an IPO. [Caijing, in Chinese]
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