Stripe, Advent Offer $53 Billion Deal to Acquire PayPal: Reuters 
Zhipu AI Raises HK$31.37 Billion in Discounted Share Sale to Accelerate AI Growth 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Samsung to Launch First Yongin Chip Plant by 2029 as South Korea Speeds Up Semiconductor Hub 
Samsung Chairman Lee Jae-yong Expected to Meet Nvidia CEO Jensen Huang on AI and Chip Partnership 
Apple Tests China's CXMT Memory Chips as DRAM Maker Gains Global Market Share 
SK Hynix Prices Record U.S. ADR Offering at $149 After $200 Billion Investor Demand 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
SK Hynix Soars 13% in Nasdaq Debut After Record $26.5 Billion IPO 
SEB Q2 Profit Rises on Strong Lending, Record Fee Income, Announces New Share Buyback 
Wolfspeed Sues Navitas Over GaN and SiC Patent Infringement 
DOJ Grand Jury Investigates UAW President Shawn Fain Ahead of Union Election 
Richemont Q1 Sales Beat Forecast as Cartier Demand Drives Strong Growth 
OpenAI GPT-5.6 Set for Wider Release After U.S. Commerce Approval, Report Says 
Chinese social media app RedNote, known as Xiaohongshu in China, gained nearly 3 million U.S. users in a single day this week, according to Similarweb (NYSE:SMWB). The app's daily active users in the United States skyrocketed to 3.4 million on Monday, up from fewer than 700,000 the previous day and approximately 300,000 a week earlier.
This surge comes as U.S. TikTok users, facing a looming nationwide ban due to security concerns, seek alternatives. With 170 million Americans using TikTok, many have joined RedNote as "TikTok Refugees." The platform’s dramatic rise has also propelled it to the top of U.S. app store download charts.
The shift to RedNote has outpaced the growth of ByteDance's Lemon8, another TikTok-related app. Lemon8 saw a modest increase in U.S. daily active users, reaching 1.7 million on Monday, up from 1.1 million in recent weeks. Meanwhile, TikTok's daily active users in the U.S. fell by 2.1% week over week, dropping to 82.2 million, according to Similarweb.
On RedNote, Chinese users welcomed the influx of Americans, answering questions about Chinese culture, food, and travel. However, some U.S. users have tested the app’s censorship boundaries. China’s strict digital controls, including its "Great Firewall," block foreign platforms like Instagram and X.
For months, TikTok users had hoped to avoid the ban enacted in 2023, but as the January 19 deadline nears, many are preparing for the inevitable. The app’s uncertain future has sparked a migration to platforms like RedNote, reshaping the U.S. social media landscape.
