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Xiaohongshu (RedNote) quarterly China, U.S. downloads 2015-2025

Jan 15, 2025 | Social Media & User-Generated Content

Between December 2024 and January 2025, Chinese-developed social media app Xiaohongshu (better known in English as RedNote) was chosen by TikTok users in the United States as the platform to join to protest the upcoming ban or forced TikTok sale. Despite being only available in Mandarin, U.S. downloads of the Instagram-like photo and social app were 509,000 in December 2024 and amounted to approximately 698,000 in the first half of January 2025. The app, which presents a visual format and functions similar to TikTok, including vertical scrolling, has seen Chinese-based audiences and U.S. audiences interact in new and unforeseen ways, such as language exchanges.

The U.S. TikTok ban

In April 2024, U.S. President Joe Biden signed a bipartisan bill ordering the sale of TikTok and its separation from ByteDance, or a ban on the entire platform within the U.S. market in case TikTok failed to comply. U.S. users choosing Xiaohongshu was a particularly surprising move, as previous surveys suggested different consumer preferences in case TikTok was banned. Traditional social media and video platforms such as YouTube, Facebook, and Instagram were given as the possible winners of a TikTok ban. While Xiaohongshu might not be the platform U.S. TikTok users and content creators might choose in the future, consumers in the region have shown that alleged privacy issues specific to Chinese-developed technology are not their major concern. Overall, over 10 countries and regions worldwide opted for banning TikTok on government-owned devices, while only Afghanistan and India opted for a full app ban.

Xiaohongshu vs Douyin in China

Differently from TikTok and Douyin (its original version accessible only in the Chinese market), which are two separate entities and do not operate within the same audiences, content management principles, and even terms of use on what the platforms allow, Xiaohongshu presents only one interface. While Douyin was the third most-valuable app based on user traffic value in China in 2024, Xiaohongshu ranked tenth with a user traffic value of 27 billion yuan. In terms of content creators, Xiaohongshu hosted more micro creators (with up to 500,000 followers) and fewer Key Opinion Leaders in 2023, while Douyin had a relatively smaller micro-creators base. 

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Jan 13, 2025 | Corporate Financing

The initial public offering (IPO) of Saudi Aramco, the Saudi Arabian multinational petroleum and natural gas company, on the Tadawul in December 2019, was the largest public offering globally ever as of December 2024. The IPO of Saudi Aramco raised approximately 25.6 billion U.S. dollars.

Why do companies opt for IPOs?

An initial public offering (IPO), also known as ‘going public’, is the company’s first stock sale to the public. IPO happens when an initially private company decides to open up to the stock market, taking the first step to become a publicly traded enterprise. Shares are traded in the open market after the initial sales, and any public investor can take part on the trade. In the United States alone, 154 companies made their in 2023. IPOs are made by different companies for a number of reasons. Smaller sized companies may seek an IPO for access to capital and cheaper credit for further expansion. Other companies that may already be of considerable size, however, may use an initial public offering to other ends. Opening up to the stock market can also facilitate merger and acquisitions, considering stocks can be part of a future deal.

Chinese companies feature twice

Two Chinese companies featured in the list as of 2024. Alibaba had the second largest after Saudi Aramco, with the Industrial and Commercial Bank of China (ICBC) in tenth place. Alibaba is listed on the New York Stock Exchange (as well as the Hong Kong Exchange), making the company’s IPO also the  to date. ICBC is listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.

Jan 10, 2025 | Mobile Gaming

In December 2024, Roblox was the top-grossing gaming app for iPad in the United States. The creative gaming platform title generated more than 14.77 million U.S. dollars in revenues from iPad users. Candy Crush Saga was the second-most-grossing gaming app title, with approximately 7.2 million U.S. dollars in revenue during that month.

Jan 13, 2025 | Stocks

The stock price of Goldman Sachs was 572.62 U.S. dollars at the close of December 29, 2024. 

What does the stock price depend on?

The stock price is how much it costs to buy one share of Goldman Sachs. Its value is dependent on supply and demand – the number of that want to sell the stock and the number of investors willing to purchase it, and for how much. One of the most important factors that affect the stock price are financial results announced by the company. If they are better than expected, the price will most probably increase.

Other ways to measure a firm’s growth

Fundamental analysis focuses on economic factors such as , performance of a specific sector and financial results of a company, including for example or . Many investors, however, prefer technical analysis, which only deals with charts and patterns defined by movements of price and volume.

Jan 13, 2025 | Music

In 2024, the best-selling physical music album in South Korea was the EP "SPILL THE FEELS" by K-pop boy group SEVENTEEN, having sold around 3.2 million copies. With many parts of the global music industry moving away from physical sales to digital downloads and streaming, K-pop is a prominent exception. Through a combination of buying incentives, fandom culture, and the increasing popularity of K-pop, the genre has retained its larger focus on physical sales compared to many other genres. 

Music consumption in South Korea

The most common purpose for purchasing physical albums is for collection purposes, and to directly support an artist, rather than utilizing the physical CD to listen to the music. The vast majority of according to a 2024 survey, with CD players only being used by a small share of the population. are popular and enjoy frequent use.

Incentives to buy physical albums

One famous example of incentivizing the buying of physical albums that commonly occurs in the U.S. music industry is the bundling of merchandising or concert tickets with physical albums. This is not a common practice in the K-pop industry. Instead, each album offers unique merchandising and photobook concepts. Oftentimes, multiple versions of the same album will be released alongside several randomized collectible photo cards. Additionally, gaining entrance to fan signs is usually based on a lottery system which is entered by purchasing physical albums, with one album equaling one ticket. This phenomenon is mainly confined to the K-pop industry specifically, rather than being a feature of the larger South Korean music industry. As such, , with physical sales reflecting fandom buying power, and digital sales reflecting the taste of the general public. Physical rankings are generally dominated by K-pop artists, while digital rankings tend to be more diverse, with favored genres being ballads, OSTs, and trot music.

Jan 13, 2025 | Cinema & Film

Since 2020, foreign movies have seen a strong headwind in the world's second-largest cinema market. That year, the annual box office revenue of imported movies in China plummeted to the lowest point in a decade at 3.3 billion yuan under the impact of COVID-19 pandemic. The figure fluctuated below 10 billion yuan in the following years.

Jan 10, 2025 | Elections

As of January 2025, the (CDU/CSU) are the most popular political party in Germany, with 30 percent of prospective voters indicating that they would vote for the party if the next election to the German parliament were held that week. The CDU/CSU has seen a remarkable turn-around in its fortunes since the previous German federal election, when the party recorded its worst ever result in a nation-wide vote, securing only 24.1 percent of the vote. The party had struggled since the stepping down of its long-time chancellor, Angela Merkel, before the . As dissatisfaction with the current governing coalition - known as the 'Ampel' coalition - of the Social Democrats, Greens, and Liberals has increased, the Christian Democrats, now led by Friedrich Merz, have won increasing support. 

The Ampel's woes continue in 2024 

The Ampel coalition came to power in 2021 due to the surprise surge in support for the , who secured almost 26 percent of the vote in that election. Unwilling to re-enter a 'grand coalition' with the Christian Democrats, the SPD instead opted to create a coalition with the center-left environmentalist party, the , and the free-market neoliberal party, the . This unlikely coalition which promised to "dare to make more progress" (mehr Fortschritt wagen) has instead been mired by constant infighting between the three parties, as well as being hit by several external crises, most notably . At the same time, the 's post-pandemic recovery has faltered, with the country being one of the few European countries to experience a , while one of the government's key economic plans - a special investment fund designed to bypass the constitutional brake - was struck down by the constitutional court in Karlsruhe. 

These factors have led to consistently declining support for the three governing parties, with the latest poll showing their combined share of the vote being only 33 percent, slightly more than the vote share of the Christian Democrats. While the Greens' vote share would remain roughly equal to what they achieved in 2021, the popularity of the SPD and FDP has collapsed compared to their 2021 levels. The Social Democrats are now the third most popular party in Germany, with Chancellor Olaf Scholz's party on track to achieve their worst election result since 1887. The Liberals (FDP), on the other hand, look likely to not gain any seats in the parliament at all in the next election, as they are currently falling below the five percent threshold to enter the Bundestag (federal parliament). 

The rise of the far-right in German politics

The Ampel's loss has been the 's gain, as the (AfD) party has seen its fortunes rise consistently in opinion polls since the 2021 election. The party was originally founded to oppose plans for the EU to provide bailouts to struggling member states during the in the early 2010s, however, following the the party pivoted towards a hardline anti-immigration stance. Since then, the AfD has drifted consistently to the right, with one of the dominant factions, known as Der Flügel ("the wing"), being labelled far-right extremists and even, in some cases, fascists. While the federal-level party is currently led by Alice Weidel and Tino Chrupulla, members of the more moderate faction of the party, at the regional-level the party is often led by more extreme figures, such as in the state of Thuringia where party leader Björn Höcke has been labelled in the media as a far-right extremist. 

In January 2024, an article by investigative journalists brought to light secret meetings between AfD members and far-right supporters to discuss plans for mass deportations of foreigners from Germany, were the AfD to come to power. The scandal led to the largest street protests in the country so far this century, with estimates showing as many as 1.4 million people turning out across the country. Some protesters have even gone so far as to call for a against the AfD, claiming that they pose a threat to German democracy. The party suffered a drop in support in the aftermath of the scandal, with their share of prospective voters declining by four percent from their high-point in January of 2024. The Alternative for Germany currently is the party of choice for 18 percent of German voters, which would make them the second largest party in parliament after the Christian Democrats. While no other party currently says they would work with the AfD on a national level, this Brandmauer ("fire wall") may be tested in regional parliaments during 2024, as the party looks set to come first in several states in East Germany during the year. 

Jan 10, 2025 | Brands & Leaders

In 2024, banking sector brands accounted for 20.5 percent of the brand value of the 100 Latin American brands with the highest brand value. Beer brands accounted for the second-largest share of the total value, at 15.7 percent.

Jan 13, 2025 | Social Media & User-Generated Content

As of December 2024, there were approximately 7.3 million Instagram users in South Africa, accounting for nearly 12 percent of the population. The social media app was most popular with 18 to 24 year olds, who made up 37 percent of Instagram’s audience in the country. Overall, users aged 25 to 34 years ranked second, following closely with 31.5 percent. Instagram’s smallest audience was users aged between 55 and 64 years, who accounted for just 3.7 percent of users.

Jan 3, 2025 | Individual Sports

For the 2025 Australian Open, which is the first Grand Slam tournament in the professional tennis calendar, the prize money for the men's and women's singles winners was set at 3.5 million Australian dollars. Meanwhile, the prize money for the runners-up stood at 1.9 million Australian dollars. 

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