(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.
RedNote has become one of China’s fastest-growing social platforms, with a value of over $17 billion, as per the Financial Times.
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 ...
RedNote, another Chinese social media app, is seeing a lot of new users as the TikTok ban looms. Here's why it could be a replacement for TikTok.