Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent , among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.

As the threat of a TikTok ban looms, some U.S. TikTok users are flocking to Chinese social media app Xiaohongshu – making it the top downloaded app in the U.S.

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.

People are going to Xiaohongshu a.k.a. RedNote, a Chinese social app, in the midst of TikTok's impending ban. Here's what you should know about it.

Chinese social apps Xiaohongshu and Lemon8 have soared to the top two spots on Apple's iPhone charts ahead of the U.S.'s impending TikTok ban.

Ahead of an impending ban on TikTok in the US, young Americans are flocking to RedNote which many say is “China’s answer to Instagram”. Xiaohongshu’s US downloads surged more than 200% year-on-year this week.

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.

Chinese and American netizens are drawing closer despite the US bid to shield Americans from Chinese influence. Read more at straitstimes.com.

A rare wave of U.S.-China camaraderie broke out online in recent days as “refugees” from the popular short video platform TikTok poured onto a Chinese social media platform to protest a now-delayed ban on the service.

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.

Originally launched in Shanghai as a shopping platform for women, Xiaohongshu has grown to become one of China’s most popular short-video apps, with more than 300 million users as of July 2024.