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.

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 potential ban this Sunday, Xiaohongshu, which is also known as Red Note or Booktok, quickly became the most downloaded free app on the U.S. App Store on Tuesday, surpassing Lemon8, a social network app that is also owned by TikTok parent ByteDance.

People are going to Xiaohongshu a.k.a. RedNote, a Chinese social app, in the midst of TikTok's impending ban. Here's what you should know about it.

Welcome to Tech In Depth, our revamped daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Gao Yuan recounts the rise of Xiaohongshu,

Some U.S. TikTok users have flocked to the Chinese social media app Xiaohongshu, or RedNote, in protest of the looming ban. Like TikTok, Xiaohongshu, which in English means “Little Red

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

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."

Xiaohongshu translates to "little red book ... Last year, President Joe Biden signed legislation requiring TikTok's owner, the Beijing company ByteDance, to sell the wildly popular social ...

Shanghai-based Xiaohongshu, or RedNote as it is known in English, is a Chinese social media platform growing in popularity as an alternative to TikTok, but with the same security risks.

The Supreme Court ruled on Friday, Jan. 17, to uphold a law that would ban the app for the 170 million people who use the app in the U.S. The ruling lines up with decisions other courts have made and sets up the ban to go into effect on Sunday, Jan. 19.