Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Over half a million ‘TikTok refugees’ flock to China's RedNote 
    Finance

    Over Half a Million ‘TikTok Refugees’ Flock to China's RedNote 

    Published by Global Banking & Finance Review®

    Posted on January 14, 2025

    4 min read

    Last updated: January 27, 2026

    Add as preferred source on Google
    An image depicting users interacting on the RedNote platform, illustrating the surge of TikTok refugees amidst the impending U.S. ban. The article highlights the cultural exchanges occurring as over 500,000 users migrate to this Chinese social media app.
    American and Chinese users engaging on RedNote amid TikTok ban discussions - Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    RedNote gains over 700,000 new users as TikTok faces a U.S. ban, leading to cultural exchanges and a surge in downloads.

    Over 500,000 TikTok Refugees Turn to China's RedNote

    By Eduardo Baptista, Katie Paul and Krystal Hu

    (Reuters) - New users have piled in to Chinese social media app RedNote just days before a proposed U.S. ban on the popular social media app TikTok, as the lesser-known company rushes to capitalize on the sudden influx while walking a delicate line of moderating English-language content, sources told Reuters.

    In a live chat dubbed “TikTok Refugees” on RedNote on Monday, more than 50,000 American and Chinese users joined the room. 

    Veteran Chinese users, with some sense of bewilderment, welcomed their American counterparts and swapped notes with them on topics like food and youth unemployment. 

    Occasionally, however, the Americans veered into riskier territory.

    “Is it ok to ask about how laws are different in China versus Hong Kong?” one American user asked.

    “We prefer not to talk about that here,” a Chinese user responded.

    Such impromptu cultural exchanges were taking place all across RedNote, known in China as Xiaohongshu, as the app surged to the top of U.S. download rankings this week. Its popularity was driven by American social media users casting about for an alternative to ByteDance-owned TikTok days ahead of its looming ban.

    In only two days, more than 700,000 new users joined Xiaohongshu, a person close to the company told Reuters. Xiaohongshu did not immediately respond to a request for comment.

    U.S. downloads of RedNote were up more than 200% year-over-year this week, and 194% from the week prior, according to estimates from app data research firm Sensor Tower. 

    The second most-popular free app on Apple's App Store list on Tuesday, Lemon8, another social media app owned by ByteDance, experienced a similar surge last month, with downloads jumping by 190% in December to about 3.4 million.

    The influx appeared to catch RedNote by surprise, with two sources familiar with the company telling Reuters they were scrambling to find ways to moderate English-language content and build English-Chinese translation tools.

    RedNote maintains only one version of its app, rather than splitting it into overseas and domestic apps - a rarity among Chinese social apps that are subject to domestic moderation rules. 

    Still, the company is keen to mine the sudden rush of attention, as executives see it as a potential path to achieve global popularity similar to TikTok's. 

    RedNote, a venture capital-backed startup with a most recent valuation of $17 billion, allows users to curate photos, videos and text documenting their lives. It has been viewed as a possible IPO candidate in China. 

    In recent years, it has become a de facto search engine for its 300 million-plus users looking for travel tips, anti-aging creams and restaurant recommendations.

    The share prices of some China-listed companies that conduct businesses with RedNote, such as Hangzhou Onechance Tech Corp, surged as much as 20% on Tuesday, hitting the daily limit.

    The spike in U.S. users comes ahead of a Jan. 19 deadline for ByteDance to sell TikTok or face a ban in the U.S. on national security grounds.  

    TikTok is currently used by about 170 million Americans, roughly half of the country’s population, and is overwhelmingly popular with young people and the advertisers looking to reach them. 

    "Americans using Rednote feels like a cheeky middle finger to the U.S. government for its overreach into businesses and privacy concerns,” said Stella Kittrell, 29, a content creator based in Baltimore, Maryland. She said she joined RedNote in hopes of further collaborations with Chinese companies which she found helpful. 

    Some users said they joined the platform to seek alternatives to Meta Platforms-owned Facebook and Instagram, and to Elon Musk’s X. Some expressed doubt that they could rebuild their TikTok follower base on those apps. 

    “It’s not the same: Instagram, X, or any other app,” said Brian Atabansi, 29, a business analyst and content creator based in San Diego, California. “Mainly because of how organic it is to build community on TikTok,” he said.

    (Reporting by Katie Paul, Krystal Hu and Doyinsola Oladipo in New York, and Eduardo Baptista in Beijing, additional reporting by Sophie Yu in Shanghai; Editing by Matthew Lewis)

    Key Takeaways

    • •RedNote sees a surge in new users as TikTok faces a U.S. ban.
    • •Over 700,000 users joined RedNote in just two days.
    • •Cultural exchanges occur between American and Chinese users.
    • •RedNote is working on moderating English content.
    • •RedNote aims for global popularity similar to TikTok.

    Frequently Asked Questions about Over half a million ‘TikTok refugees’ flock to China's RedNote 

    1What is the main topic?

    The article discusses the influx of TikTok users to RedNote due to a potential U.S. ban on TikTok.

    2Why are users flocking to RedNote?

    Users are seeking alternatives to TikTok amid its looming U.S. ban.

    3What challenges does RedNote face?

    RedNote is working on moderating English-language content and building translation tools.

    More from Finance

    Explore more articles in the Finance category

    Image for Bank of England's Greene says she was not close to raising rates this month
    Bank of England's Greene Says She Was Not Close to Raising Rates This Month
    Image for UK review urges cap on overseas political donations and pause on crypto
    UK Review Urges Cap on Overseas Political Donations and Pause on Crypto
    Image for 5 Smart Tips to Save on Fees When You Send Money Abroad
    5 Smart Tips to Save on Fees When You Send Money Abroad
    Image for Spain's Sanchez says global citizens shouldn't pay for fallout of Iran war
    Spain's Sanchez Says Global Citizens Shouldn't Pay for Fallout of Iran War
    Image for Aer Lingus sees serious risk of US retaliation over Dublin airport cap
    Aer Lingus Sees Serious Risk of US Retaliation Over Dublin Airport Cap
    Image for Hapag-Lloyd faces $40-50 million costs weekly due to Iran war, CEO tells ntv
    Hapag-Lloyd Faces $40-50 Million Costs Weekly Due to Iran War, CEO Tells Ntv
    Image for Endesa CEO to leave position after 12 years
    Endesa CEO to Leave Position After 12 Years
    Image for UK and Turkey sign multi-billion-pound air defence deal
    UK and Turkey Sign Multi-Billion-Pound Air Defence Deal
    Image for ECB still set to hold interest rates through 2026, most economists say: Reuters poll
    ECB Still Set to Hold Interest Rates Through 2026, Most Economists Say: Reuters Poll
    Image for Italy revises enhanced voting rights rules in listed firms to prevent misuse
    Italy Revises Enhanced Voting Rights Rules in Listed Firms to Prevent Misuse
    Image for Shipbuilder Fincantieri's profit soars 150%, confirms 2026 targets
    Shipbuilder Fincantieri's Profit Soars 150%, Confirms 2026 Targets
    Image for Telecom Italia weighs early exit from INWIT contract, sources say
    Telecom Italia Weighs Early Exit From Inwit Contract, Sources Say
    View All Finance Posts
    Previous Finance PostApple, Amazon Fight Off $600 Million UK Lawsuit Over Alleged 'collusion'
    Next Finance PostFrance's Ouvre Becomes Latest Sugar Maker to Shut Plant