Chinese social e-commerce firm Xiaohongshu trims 9 per cent of staff, joining Alibaba, Tencent, others in lay-off wave

• The Instagram-like platform, popular with China’s Gen-Z for finding and rating products, said it is cutting employees who failed to pass performance reviews
• China’s tech industry has been beset with lay-offs after months of industry crackdowns last year, while internet platforms more carefully police online content