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why is refex industries limited (532884) falling ✌️【Investment Tools】✌️ Expert stock predictions and free stock selection services to help you achieve optimal returns and long-term growth. As Supreme Court justicesponderthe future of TikTok in the United States, a growing number of American social media users have responded by moving to an unlikely alternative: Xiaohongshu, a hugely popular social media app inChina.

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Founded in 2013, Xiaohongshu is one of China’s biggest social media platforms with 300 million users, according to research firm Qian Gua. Described as China’s answer to Instagram, the app has becomeespecially popularfor sharing tips on travel, makeup and fashion.

But while it has cornered the Chinese market, it hasn’t gained much prominence beyond the Chinese-speaking world. Until now.

Xiaohongshu is surging in popularity worldwide in the same week that TikTok could potentially go offline in the US.

US mobile downloads of Xiaohongshu almost tripled over the past week, compared to the seven days before, San Francisco-based market intelligence firmSensor Towertold 【 - Free Predictions 】 on Tuesday.

why is refex industries limited (532884) falling ✌️【Investment Tools】✌️ Free access to professional investment advisors who provide real-time market data and trend analysis. Select top-performing stocks and boost your capital with expert strategies for market growth. Within the span of two days, more than 700,000 new users have joined Xiaohongshu, Reuters reported, citing a person close to the company. 【 - Free Predictions 】 has reached out to Xiaohongshu for comment.

why is refex industries limited (532884) falling ✌️【Investment Tools】✌️ Free stock market analysis and data updates to help you select the best investment portfolio. Achieve steady growth and avoid losses with expert predictions and real-time market insights. As of Wednesday, the hashtag “TikTok refugee” had garnered nearly 250 million views and over 5.5 million comments. Many of the American users they had joined as an act of defiance against Washington’s move on TikTok.

“Our government is out of their minds if they think we’re going to stand for this TikTok ban,” a user called Heather Roberts said in a video message on Xiaohongshu, which has garnered more than 45,000 likes. “We’re just going to a new Chinese app, and here we are.”

“This is so much better than TikTok,” another self-proclaimed “refugee” said in video message. “Americans are coming here … so sorry you’ll hate us, but I promise we’ll do our best.”

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“I just want to reassure you that we want to try to find a way to communicate with you, be respectful to your community,” one user said. “We want to be good guests.”

“Just a quick message for the American users coming over here: Please don’t bring politics here. We want to have fun here, we want to enjoy here, and we want to show respect to the people who are already here,” one user posted.

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“This could be a historic moment,” one Chinese user commented. “It feels like so much has changed in an instant. Ordinary people from our two countries have never really connected before … I hope everyone can take this brief chance to engage in meaningful exchanges of ideas.”

One person even seized the opportunity presented by the influx of American netizens to ask for help with their English homework in aviral postthat garnered over 2,000 likes.

Ivy Yang, a China tech analyst and founder of consulting firm Wavelet Strategy, said the new American users had “unexpectedly created one of the most organic forms of cultural exchange between the US and China we’ve seen in recent years.”

“Users are finding creative ways to transcend language barriers, navigate cultural differences, and co-exist in fascinating ways,” she added. “This community building happening in real time could have lasting impact, and I’m cautiously optimistic.”

For a brief period in 2021,similar exchangeswere also seen on the social media app Clubhouse, where Chinese and American users engaged in uncensored dialogue on sensitive topics in virtual chat rooms, before Chinese censors intervened to block the app.

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Xiaohongshu’s name could be seen as a tongue-in-cheek reference to a red-covered book of quotations from the founding father of Communist China, Mao Zedong.

One of the app’s key features is its content algorithm, which focuses on user interests rather than the people they follow. Some users say this fosters more original content and reduces the dominance of powerful influencers.

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why is refex industries limited (532884) falling ✌️【Investment Tools】✌️ AI-driven stock trend forecasting with free access to real-time market data, offering personalized investment advice and expert predictions. TikTok is owned by Chinese internet company ByteDance and was tailored for a global audience. TikTok is also not accessible in China, where a sister app, Douyin, serves the domestic market.

Lemon8, a lifestyle community app also owned by ByteDance, is currently ranked as the second-most downloaded app on Apple’s US store.

Lemon8 has a similar video sharing function as TikTok. Modeled after Instagram and Pinterest, it was first launched in the US in 2023.

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why is refex industries limited (532884) falling ✌️【Investment Tools】✌️ Free expert predictions on stock trends and real-time data to help you make informed decisions and grow your wealth steadily. Most stock quote data provided by BATS. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. All times are ET. Factset: FactSet Research Systems Inc. All rights reserved. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and 【 - Free Predictions 】. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Fair value provided by IndexArb.com. Market holidays and trading hours provided by Copp Clark Limited.

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