Backers of China's Xiaohongshu are looking to sell a part of their stake to the likes of Tencent , among others, in a deal that could value the TikTok-rival at at least $20 billion, Bloomberg News reported on Thursday.

The world’s richest person Elon Musk would likely be looking at a price tag similar to what he paid for Twitter if a deal materializes to buy the American operations of TikTok, according to one well-known analyst covering Musk--as China reportedly mulls allowing a sale to Musk to prevent an all-out U.

By Brenda Goh SHANGHAI (Reuters) - Users of the Chinese social media app RedNote welcomed "TikTok refugees" from the United States with selfies and messages on Wednesday, as Beijing said it encouraged

As the popular video platform heads to a Jan. 19 ban, more than half a million new users are now on another Chinese social app, Xiaohongshu.

Analysts are predicting that a recent surge of Americans flocking to the Chinese social media platform RedNote - also known as Xiaohongshu - could be short-lived, as users soon find its content regulations differ sharply from those on TikTok US.