The Chinese name was inspired by two pivotal institutions in its co-founder Mao Wenchao’s career journey that both feature red as their primary color: Bain & Company, where he worked as a consultant, and Stanford Graduate School of Business, where he earned his MBA.
The “Mao” in his name is the same character as in “Mao Zedong”.
It gets weirder:
The “Mao” in his name is the same character as in “Mao Zedong”.
Source (via Wikipedia): https://web.archive.org/web/20250115024204/https://36kr.com/p/1724258762753