China has historically been seen as unable to emulate the attractiveness of the world’s more established soft-power bastions.
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.
Qu, 40, is currently president of and owns an estimated 10% stake in the private company; Forbes estimates she has a net worth of around $1.3 billion. She grew up in Wuhan, China, and studied journalism at Beijing Foreign Studies University before working in marketing, as Fortune ’s Nicholas Gordon reported in October 2024.
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."
China tensions have precipitated a decade-long decline in bilateral people-to-people exchanges. Read more at straitstimes.com.
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.
Chinese social apps Xiaohongshu and Lemon8 have soared to the top two spots on Apple's iPhone charts ahead of the U.S.'s impending TikTok ban.
Chinese tech companies and their censorship apparatus look to be early beneficiaries of the Supreme Court’s decision to keep a law forcing the sale or shutdown of TikTok in the coming days.
President-elect Donald Trump has arrived at the White House in advance of his inauguration as the 47th president of the United States in Washington, D.C., on Monday.
Outgoing President Joe Biden issued a slate of pardons Monday for people who may have been targets of President-elect Donald Trump's Justice Department.
Chinese-owned app Xiaohongshu - or Red Note in English - was recently propelled to the top of the US Apple App Store free downloads chart, as American users facing a potential TikTok ban look for an alternative.