Wenchao Mao
毛文超
Wenchao Mao is the co-founder of Xiaohongshu (RED), the Chinese lifestyle platform that had surpassed 50 million users by 2015 . ZhenFund, which invested in him at the angel stage, has cited him as an example of its "invest in people" philosophy — back when Xiaohongshu was still seen as a "small and beautiful" product with little indication it would grow into the platform it is today . In 2016, when pressed about a potential IPO, Mao told ZhenFund that he wanted "to find something important enough to do wholeheartedly, even if it doesn't make money" . He and co-founder Qu Fang later appeared on the Hurun China Rich List as new billionaires in 2024 .
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