Does South Korea have a stake in Xiaohongshu?

There is no Korean stake in Xiaohongshu.

Xiaohongshu is a lifestyle platform and consumer decision-making portal, founded by Mao Wenchao and Qu Fang. As of July 2019, the number of Xiaohongshu users has exceeded 300 million; as of October 2019, the number of monthly active users of Xiaohongshu has exceeded 100 million, of which 70% of new users are born in the 1990s. In the Xiaohongshu community, users record the positive energy and beautiful life of young people in this era through the sharing of text, pictures, and video notes. Xiaohongshu uses machine learning to accurately and efficiently match massive amounts of information and people. Xiaohongshu has an e-commerce business. In December 2017, Xiaohongshu e-commerce was awarded the "China Brand Award" representing China's consumer technology industry by the People's Daily.