Xiaohongshu, which translates as “Little Red Book” but is widely known in the US as RedNote, topped Apple’s free-app downloads this week as so-called “TikTok refugees” flocked to its platform.

Early funding came from US and Chinese backers, ZhenFund, GSR Ventures and what was then called GGV Capital. He and co-founder Miranda Qu, a fellow Wuhan native and marketing executive, tested out a few ideas, including a travel guide for Chinese tourists.

China tensions have precipitated a decade-long decline in bilateral people-to-people exchanges. Read more at straitstimes.com.

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.

(Reuters) -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 a TikTok ban looms, Americans are starting to download RedNote. Here's what you need to know about the app.

Ahead of a possible TikTok ban this week, RedNote (aka Xiaohongshu), a Chinese platform is gaining popularity.

RedNote has become one of China’s fastest-growing social platforms, with a value of over $17 billion, as per the Financial Times.

The Shanghai-owned social media platform Xiaohongshu, or RedNote in English, experienced a spike in downloads as some TikTok users are downloading the app as a U.S. ban on the latter looms. Until late December 2024,

Launched in 2013, RedNote has become one of China’s fastest-growing social platforms, with a value of over $17 billion, according to the Financial Times. Known as Xiaohongshu, which translates ...

IN THE days leading up to a proposed US government ban on the social media platform TikTok, American users have turned to another Chinese-owned app, Xiaohongshu. The United States passed a law last year forcing the popular video platform’s owner ...

Duolingo’s shares experienced a significant increase of nearly 7% on Thursday, driven by a surge in users signing up to learn Mandarin. This growth aligns with the increasing usage of the Chinese social media app RedNote (Xiaohongshu),