• Kinza Babylon Staked BTCKinza Babylon Staked BTC(KBTC)$83,270.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.51-4.18%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • bitcoinBitcoin(BTC)$106,972.00-2.03%
  • ethereumEthereum(ETH)$2,722.93-1.68%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • tetherTether(USDT)$1.000.01%
  • rippleXRP(XRP)$2.23-3.48%
  • binancecoinBNB(BNB)$662.39-0.60%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • solanaSolana(SOL)$158.07-3.67%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.187449-5.78%
  • tronTRON(TRX)$0.271601-6.76%
  • staked-etherLido Staked Ether(STETH)$2,723.68-2.01%
  • cardanoCardano(ADA)$0.68-4.83%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$107,011.00-1.95%
  • HyperliquidHyperliquid(HYPE)$40.66-1.38%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.46%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • Wrapped stETHWrapped stETH(WSTETH)$3,275.87-2.04%
  • SuiSui(SUI)$3.26-5.56%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • chainlinkChainlink(LINK)$14.15-6.44%
  • avalanche-2Avalanche(AVAX)$20.88-4.87%
  • stellarStellar(XLM)$0.273542-2.54%
  • bitcoin-cashBitcoin Cash(BCH)$427.60-3.47%
  • leo-tokenLEO Token(LEO)$8.87-1.33%
  • ToncoinToncoin(TON)$3.16-2.00%
  • shiba-inuShiba Inu(SHIB)$0.000013-4.73%
  • USDSUSDS(USDS)$1.000.01%
  • Wrapped eETHWrapped eETH(WEETH)$2,912.55-1.81%
  • wethWETH(WETH)$2,724.11-1.59%
  • hedera-hashgraphHedera(HBAR)$0.166947-7.07%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • litecoinLitecoin(LTC)$88.47-2.92%
  • polkadotPolkadot(DOT)$4.02-4.77%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • Binance Bridged USDT (BNB Smart Chain)Binance Bridged USDT (BNB Smart Chain)(BSC-USD)$1.00-0.05%
  • PengPeng(PENG)$0.60-13.59%
  • moneroMonero(XMR)$322.49-3.11%
  • Ethena USDeEthena USDe(USDE)$1.000.03%
  • Bitget TokenBitget Token(BGB)$4.69-3.31%
  • PepePepe(PEPE)$0.000012-4.25%
TradePoint.io
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop
No Result
View All Result
TradePoint.io
No Result
View All Result

China app RedNote adds over 700K new users as TikTok ban looms

January 14, 2025
in Business
Reading Time: 3 mins read
A A
China app RedNote adds over 700K new users as TikTok ban looms
ShareShareShareShareShare

New users have piled in to Chinese social media app RedNote just days before a proposed US ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

In a live chat dubbed “TikTok Refugees” on RedNote on Monday, more than 50,000 American and Chinese users joined the room.

Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics like food and youth unemployment.

A looming US ban of TikTok is sending users to rival RedNote. AFP via Getty Images

Occasionally, however, the Americans veered into riskier territory.

“Is it ok to ask about how laws are different in China versus Hong Kong?” one American user asked.

“We prefer not to talk about that here,” a Chinese user responded.

Such impromptu cultural exchanges were taking place all across RedNote, known in China as Xiaohongshu, as the app surged to the top of US download rankings this week. Its popularity was driven by American social media users casting about for an alternative to ByteDance-owned TikTok days ahead of its looming ban.

In only two days, more than 700,000 new users joined Xiaohongshu, a person close to the company told Reuters. Xiaohongshu did not immediately respond to a request for comment.

Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics like food and youth unemployment. The app is known in China as Xiaohongshu. Getty Images

US downloads of RedNote were up more than 200% year-over-year this week, and 194% from the week prior, according to estimates from app data research firm Sensor Tower.

The second most-popular free app on Apple’s App Store list on Tuesday, Lemon8, another social media app owned by ByteDance, experienced a similar surge last month, with downloads jumping by 190% in December to about 3.4 million.

The influx appeared to catch RedNote by surprise, with two sources familiar with the company telling Reuters they were scrambling to find ways to moderate English-language content and build English-Chinese translation tools.

RedNote maintains only one version of its app, rather than splitting it into overseas and domestic apps – a rarity among Chinese social apps that are subject to domestic moderation rules.

Still, the company is keen to mine the sudden rush of attention, as executives see it as a potential path to achieve global popularity similar to TikTok’s.

RedNote, a venture capital-backed startup with a most recent valuation of $17 billion, allows users to curate photos, videos and text documenting their lives. It has been viewed as a possible IPO candidate in China.

In recent years, it has become a de facto search engine for its 300 million-plus users looking for travel tips, anti-aging creams and restaurant recommendations.

The share prices of some China-listed companies that conduct businesses with RedNote, such as Hangzhou Onechance Tech Corp., surged as much as 20% on Tuesday, hitting the daily limit.

The spike in US users comes ahead of a Jan. 19 deadline for ByteDance to sell TikTok or face a ban in the US on national security grounds.

RedNote and Lemon8 were the most popular free apps on Apple’s App Store.

TikTok is currently used by about 170 million Americans, roughly half of the country’s population, and is overwhelmingly popular with young people and the advertisers looking to reach them.

“Americans using Rednote feels like a cheeky middle finger to the US government for its overreach into businesses and privacy concerns,” said Stella Kittrell, 29, a content creator based in Baltimore, Md. She said she joined RedNote in hopes of further collaborations with Chinese companies which she found helpful.

Some users said they joined the platform to seek alternatives to Meta Platforms-owned Facebook and Instagram, and to Elon Musk’s X. Some expressed doubt that they could rebuild their TikTok follower base on those apps.

“It’s not the same: Instagram, X, or any other app,” said Brian Atabansi, 29, a business analyst and content creator based in San Diego, California. “Mainly because of how organic it is to build community on TikTok,” he said.

Credit: Source link

YOU MAY ALSO LIKE

How to buy Pepe Coin – and is it a good investment?

Silver Airways says it’s shutting down operations after filing for bankruptcy

ShareTweetSendSharePin

Related Posts

How to buy Pepe Coin – and is it a good investment?
Business

How to buy Pepe Coin – and is it a good investment?

June 12, 2025
Silver Airways says it’s shutting down operations after filing for bankruptcy
Business

Silver Airways says it’s shutting down operations after filing for bankruptcy

June 12, 2025
NYC taxi lender fined $4M over ‘fake news’ plants
Business

NYC taxi lender fined $4M over ‘fake news’ plants

June 11, 2025
States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcy
Business

States take legal action as 23andMe attempts to sell customer genetic information amid bankruptcy

June 11, 2025
Next Post
What to expect at the Samsung Galaxy S25 Unpacked 2025 event

What to expect at the Samsung Galaxy S25 Unpacked 2025 event

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
Homes damaged after truck explosion

Homes damaged after truck explosion

June 12, 2025
LMArena Secures $100M in Seed Funding Led by A16z

LMArena Secures $100M in Seed Funding Led by A16z

June 6, 2025
Public feud between Trump and Musk erupts

Public feud between Trump and Musk erupts

June 6, 2025

About

Learn more

Our Services

Legal

Privacy Policy

Terms of Use

Bloggers

Learn more

Article Links

Contact

Advertise

Ask us anything

©2020- TradePoint.io - All rights reserved!

Tradepoint.io, being just a publishing and technology platform, is not a registered broker-dealer or investment adviser. So we do not provide investment advice. Rather, brokerage services are provided to clients of Tradepoint.io by independent SEC-registered broker-dealers and members of FINRA/SIPC. Every form of investing carries some risk and past performance is not a guarantee of future results. “Tradepoint.io“, “Instant Investing” and “My Trading Tools” are registered trademarks of Apperbuild, LLC.

This website is operated by Apperbuild, LLC. We have no link to any brokerage firm and we do not provide investment advice. Every information and resource we provide is solely for the education of our readers. © 2020 Apperbuild, LLC. All rights reserved.

No Result
View All Result
  • Main
  • AI & Technology
  • Stock Charts
  • Market & News
  • Business
  • Finance Tips
  • Trade Tube
  • Blog
  • Shop

© 2023 - TradePoint.io - All Rights Reserved!