Ahead of the possible TikTok ban, "TikTok refugees" are flocking to the Chinese social media app Xiaohongshu, or Red Note, with strange and fascinating consequences.
As fears of a TikTok ban grow, Americans are turning to Xiaohongshu, which translates to “little red book.” Here’s how the lifestyle app became a global phenomenon.
Xiaohongshu’s biggest shareholders are in talks to sell shares in the Chinese Instagram-like service at a valuation of at least $20 billion, drawing interest from Tencent Holdings Ltd. and other big names as a potential TikTok US ban approaches.
As TikTok’s days appear to dwindle in the United States, a chunk of the platform’s audience is flocking to the Chinese social media app, Xiaohongshu, known in English as RedNote. The migration has pushed the platform to the top of U.S. app download charts.
The US Supreme Court is due to rule on Protecting Americans from Foreign Adversary Controlled Applications Act that stipulates TikTok must be divested from its Chinese parent company ByteDance by Sunday or face a ban in the US on the pretext of "national security" concerns.
BEIJING - Share prices related to Xiaohongshu surged in the morning session on Wednesday after the Chinese Instagram-style app reached the top of the Apple App Store chart in the United States.
Biden won't enforce a ban on TikTok that is set to take effect a day before he leaves office. That leaves the app's fate in the hands of Trump.
It is also owned by a Chinese technology company, raising the same kind of national security questions for the U.S. as TikTok has.
A strange phenomenon is sweeping through social media as the last days of TikTok in the US begin to unfold. As most of the 170 million American TikTok users await its ever-encroac
TikTok users fleeing the ByteDance-owned social platform ahead of a crucial Supreme Court decision on its future sent a rival Chinese app to the top of Apple’s charts in the US on Monday. While the exact number of downloads is unknown,
The shares of a group of companies associated with Xiaohongshu continued their upward momentum on Wednesday, buoyed by the Instagram-style Chinese app's ascent to the top of the download charts in the United States.