Kaytune shares are currently down over 11%, having retreated 20% from their recent high, trading at 35.5 yuan, with a total market value of less than 3 billion yuan. Kaytune announced yesterday a share reduction plan, with shareholder Shanghai Chunrong Investment Center intending to reduce its holdings by no more than 1.6 million shares, accounting for no more than 2% of the company's total share capital. It is worth noting that this stock previously surged due to the popularity of Xiaohongshu concept stocks, recording consecutive 20% daily limit increases for two days, but has recently begun to gradually correct