Financial Secretary Paul Chan says social media giant RedNote has set up an office in Hong Kong, its first outside the mainland.
Writing on his weekly blog, Financial Secretary Paul Chan said RedNote’s move underscored Hong Kong’s role as a strategic global and cross-border gateway.
Chan said the social media app has over 300 million active users each month, making it one of the fastest-growing start-ups on the mainland. It also has about 2 million users in Hong Kong.
During his visit to Shanghai in November, Mr Chan visited the company’s headquarters saying he was impressed by the team’s youthful energy and its understanding of young people’s preferences.
Chan had also officiated at the Hong Kong office’s opening ceremony on Saturday.
