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.

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

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

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 ...

The Chinese app Xiaohongshu has become the most downloaded in the U.S. as TikTok users migrate due to potential bans.

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.