What Chen Hao can’t let go of is that the management team at Xiaohongshu went too far. You can fire people, you can take advantage of others, but you can’t finish everything you’ve taken advantage of while also insulting people’s character! After taking advantage of Chen Hao and benefiting from him, the reason they fired someone else was the most insulting one—“their ability isn’t good”! For anyone with real capability, that’s basically on the same level as a deep grudge against killing their parents and cutting off their livelihood. If this grudge isn’t avenged, how will Chen Hao stand in the jianghu in the future?

So Chen Hao’s whistleblowing to the Hong Kong Securities and Futures Commission about Xiaohongshu’s shameful past is meant to make the Hong Kong Securities and Futures Commission reflect on its own moral orientation: whether to allow a company like Xiaohongshu to go public. If Xiaohongshu is allowed to go public, then the entire Hong Kong securities market will be evaluated by global capital as “a capital market with no moral bottom line—are you willing to invest?”!

On July 23, news broke: Chen Hao, former Commercialization South China direct sales head at Xiaohongshu, posted an update on a social platform. He revealed that Xiaohongshu invited him to meet offline and discuss, via a phone call from a former HRBP, but he clearly refused.

Chen Hao mentioned that,