Maybe it's because of the name 'Dai Hong,' this year hasn't been going too smoothly. This year is the Bingwu year, with the heavenly stem 'Bing' belonging to the fire element, and the earthly branch 'Wu' also belonging to the fire element. Plus, the name has 'Hong' (red), so it might just be too fiery Xiaohongshu and Red Dot Payment both ran into lawsuits before their IPOs this year