Xiaohongshu faces renewed dispute over employee stock options
Chinese social commerce platform Xiaohongshu is again embroiled in a dispute regarding employee stock options. A former employee claims the company terminated him just days before his options were set to vest.
Xiaohongshu, a Chinese social commerce and lifestyle platform, is facing renewed allegations concerning its employee stock option policies. A former employee has claimed that the company terminated his employment in 2020 merely eight days prior to the scheduled vesting of 50% of his stock options.
A source close to the company has disputed this account, stating that the vesting date for the options was approximately two months after the employee's departure. This places the timeline of events in contention.
The report also cited a separate former employee who reportedly received a RMB660,000 mediation settlement in a similar dispute over stock options. These claims remain contested and do not currently establish a company-wide policy or indicate any decisions regarding an initial public offering (IPO).