According to reports, Xiaohongshu has obtained a mainland payment license through its subsidiary acquisition
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Xiaohongshu acquired the payment institution Dongfang Electronic Payment Co., Ltd. through its subsidiary Ningzhi Information Technology (Shanghai) Co., Ltd., obtaining a mainland payment license. Dongfang Payment was established in 2008, with a registered capital of 121.3 million yuan, mainly providing electronic payment for customs duties and cross-border payment services. Xiaohongshu has not yet responded to this matter
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