TikTok Rival Xiaohongshu Expects Profit to Triple to $3.9 Billion

TikTok rival Xiaohongshu expects profit to triple to $3.9 billion

Xiaohongshu has evolved to become the go-to platform for travel reviews and lifestyle tips for a new generation of Chinese smartphone users. Read more at straitstimes.com.

TikTok Rival “RedNote” Races Toward $3 Billion Profit Ahead of IPO

As the US government has given ByteDance Ltd. a deadline to divest TikTok’s US operations, people are rushing to other social media apps from China. Whether it’s Xiaohongshu, known in English as RedNote, the app is a mix of the most compelling mobile software available. Xiaohongshu Technology Co. is on its way to triple its profits to $3 billion this year. This shows that it is on its fast track as it considers going public. The company was foun…