On the heels of TikTok's looming shutdown on January 19 over its ownership in the U.S. (unless the Supreme Court intervenes), ...

Qu, 40, is currently president of and owns an estimated 10% stake in the private company; Forbes estimates she has a net ...

Xiaohongshu’s biggest shareholders are in talks to sell shares in the Chinese Instagram-like service at a valuation of at ...

Some say they joined Xiaohongshu, which translates to “little red book,” to spite the US government after a ban on TikTok ...

Xiaohongshu is sometimes referred to as China ... The platform was on track to earn over $1 billion in profits in 2024, Bloomberg reported late last year, citing unnamed sources.

In 2013, Qu and partner Charlwin Mao founded the Chinese social media app Xiaohongshu ... In 2024, it was on track to double profits to more than $1 billion, and is backed by the likes of Alibaba.

Xiaohongshu is sometimes referred to as China’s version ... The platform was on track to earn over $1 billion in profits in 2024, Bloomberg reported late last year, citing unnamed sources. The app in ...

The influx of more than 700,000 new users has been driven by a looming U.S. ban on TikTok, used by 170 million Americans, on ...

Meanwhile, TSMC reported that the revenue share by process in the fourth quarter was 26% for the 3NANO (nanometer) process, 34% for the 5nm process, and 14% for the 7nm process, resulting in a total ...