The Supreme Court upheld the ruling that could ban TikTok on Sunday, but “TikTok refugees” across the country are already finding new platforms.
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.
Chinese-owned TikTok is set to be banned in the United States on Jan. 19, 2025, and another Chinese-owned app is welcoming American "TikTok refugees."
The law that took aim at TikTok over national security concerns has prompted Americans looking for alternatives to download Xiaohongshu, a social media app that is popular in China.
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.
On the heels of TikTok's looming shutdown on January 19 over its ownership in the U.S. (unless the Supreme Court intervenes), it looks like another American users are flocking to a Chinese app called Xiaohongshu as people become less optimistic that TikTok can overturn U.
Americans have shown that they won’t take national security threats at face value. They want the details. Lawmakers reportedly gathered for a top-secret briefing on the risks posed by TikTok before voting in favor of the bill back in March. At the time, the protestors outside Capitol Hill who opposed the ban were not made privy to its findings.
ByteDance has until January 19th to sell TikTok to a non-Chinese owner, or see the app banned in America. As the chances of a ban have grown, following the Supreme Court’s decision on January 17th to uphold a sell-or-ban law passed last year,
The Supreme Court on Friday rejected TikTok’s challenge to a law that could effectively ban the short-form video app in the United States. By Sapna Maheshwari and Amanda Holpuch The Supreme ...
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.
The newcomers, who refer to the app as “RedNote” or “the Chinese version of Instagram” and call themselves “TikTok refugees,” are relying on translation tools to navigate Xiaohongshu ...