share
 

Xiaohongshu-linked stocks surge as app tops US download charts

0 Comment(s)Print E-mail China Daily, January 16, 2025
Adjust font size:

The shares of a group of companies associated with Xiaohongshu continued their upward momentum on Wednesday, buoyed by the Instagram-style Chinese app's ascent to the top of the download charts in the United States.

While the rally underscored investors' growing confidence in Xiaohongshu and companies linked to it, industry experts said it is more important for Chinese enterprises to seize this momentum to cement their foothold in the international market, particularly amid intensifying geopolitical uncertainties.

On Wednesday, more than 10 companies that do business directly or indirectly with Xiaohongshu hit their daily limits on multiple stock markets. The standouts included Hangzhou Onechance Tech Corp, an e-commerce service provider in the A-share market, and Sunwave Communications, a wireless communication technology provider.

Inmyshow Digital Technology (Group), a provider of data-driven marketing solutions for brands on the platform, hit a daily limit by soaring 9.92 percent on the Shanghai Stock Exchange.

In response to the rally, Inmyshow noted that with a strong foothold in the advertising and marketing industry, it maintained deep partnerships with major platforms such as Xiaohongshu.

Wang Peng, a researcher at the Beijing Academy of Social Sciences, said, "The rally reflects investors' optimism about Xiaohongshu's potential to penetrate the global market and elevate its affiliated companies."

What's even more critical is how these companies capitalize on this opportunity to sustain international users over the long term and reshape the global social media landscape, Wang said.

In recent weeks, Xiaohongshu has seen a massive influx of users from TikTok amid fears of the app being banned in the U.S. if the Supreme Court upholds the ban.

Data research firm Sensor Tower showed that Xiaohongshu's U.S. downloads surged more than 200 percent year-on-year this week and 194 percent last week.

Xiaohongshu, also known as RedNote, was launched in 2013 and has grown into one of China's most popular social media and e-commerce platforms.

As consumers can also buy lifestyle items on Xiaohongshu, a group of consumption-related stocks also surged. Snack chain Lyfen, for example, achieved a five-day streak on Wednesday of hitting the daily limit.

Pan Helin, a member of the Ministry of Industry and Information Technology's Expert Committee for Information and Communication Economy, said this trend of TikTok users seeking refuge in Xiaohongshu reflected the dissatisfaction of netizens, who often choose digital tools to amplify their voices.

"The platform will face several key challenges in the future including monetization. How it can harmonize domestic and international user experiences without running into a wall of cultural differences also remains to be seen," Pan added.

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 鲁啊鲁在线观看| 亚洲色精品vr一区二区三区| а√最新版地址在线天堂| 日韩电影免费在线| 免费国产va在线观看视频| 草草影院最新发布地址| 国产强被迫伦姧在线观看无码| www.日韩三级www.日日爱| 手机看片福利日韩国产| 久久无码专区国产精品s| 欧美一区二区日韩国产| 亚洲日韩精品无码AV海量| 特黄大片aaaaa毛片| 公在厨房对我猛烈进出视频| 老师的胸好大好软| 国产专区第一页| 韩国电影中文字幕在线观看| 国产成人精品免高潮在线观看| 1000部拍拍拍18勿入免费凤凰福利| 国产精品自在线观看剧情| 99久久久国产精品免费蜜臀| 天天操天天干天天| 久久久亚洲欧洲日产国码aⅴ | 无码办公室丝袜OL中文字幕| 久久精品国产日本波多野结衣| 柳岩老师好紧好爽再浪一点| 亚洲国产成人精品无码区二本| 欧美视屏在线观看| 亚洲精品成人片在线播放| 熟妇人妻va精品中文字幕| 免费a级毛片出奶水| 韩国三级日本三级美三级| 国产模特众筹精品视频| 亚洲欧美日韩精品久久奇米色影视| 国产精品自产拍高潮在线观看| 99久久国产综合精品1尤物| 大帝AV在线一区二区三区| a级毛片无码免费真人久久 | 亚洲国产成人综合| 欧美亚洲国产视频| 亚洲免费观看视频|