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.

Ahead of the possible TikTok ban, "TikTok refugees" are flocking to the Chinese social media app Xiaohongshu, or Red Note, with strange and fascinating consequences.

(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.

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.

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,

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.

Some U.S. TikTok users have flocked to the Chinese social media app Xiaohongshu, or RedNote, in protest of the looming ban.

Chinese-made social media apps Xiaohongshu and Lemon8 have soared to the top two spots on Apple’s iPhone download charts in the U.S., as users look for alternatives to TikTok ahead of an imminent ban stateside.

As TikTok becomes unavailable on prominent app stores in the US, know all about Xiaohongshu or the Rednote app, a Chinese platform and TikTok alternative in US.

The app that Americans are flocking to as a TikTok alternative is Xiaohongshu, or RedNote, which translates to “Little Red Book.” This name carries significant historical weight, as it alludes to Mao Zedong’s Little Red Book, a mandatory collection of his quotes and philosophies that symbolized the Cultural Revolution in China.

The Chinese app Xiaohongshu has become the most downloaded in the U.S. as TikTok users migrate due to potential bans.