Why is Xiaohongshu (Little Red Book📕) the best platform for web3 mass adoption in China? | Following the yuan

Compared with Tencent, Baidu, ByteDance and Bilibili, that is, although the latter is a close runner-up. I'll tell you why.

This is one of the ad-hoc commentaries in addition to the weekly news roundup that I publish on Tuesdays. If you’re also new to web3 OR think it’s a scam, I’ve added some relevant readings at the end that depicts this nascent and murky space.

To summarize the words of one of my interviewees: you can name the use cases and apps in web2 because it already…