A buzzy Chinese Instagram-like startup backed by the country’s two biggest technology giants had its domestic social-media account shut down amid an investigation by Beijing’s cyber watchdog into a post it shared on the anniversary of the 1989 Tiananmen Square crackdown, according to people familiar with the situation. Shanghai-based Xiaohongshu — which means “Little Red Book” in Chinese and is backed by Alibaba Group Holding Ltd. and Tencent Holdings Ltd. — wrote in a post on China’s Twitter -like Weibo platform on June 4, “Tell me loudly, what is the date today?”
Read the article: The Wall Street Journal
