TikTok Refugees Trend? Do You Think Musk Should Acquire TikTok?
On Sunday, January 19th, TikTok will officially be banned in the United States. According to Bloomberg, Chinese officials are evaluating a potential option that involves Elon Musk acquiring the US operations of TikTok. $Tesla Motors(TSLA)$
Will Musk really acquire TikTok?
If Musk does proceed with the acquisition, TikTok is likely to be merged into X. However, whether it can maintain its current content model remains uncertain.
Factors enabling the acquisition:
Some believe that if Musk is genuinely interested, it’s entirely possible for him to pull off this acquisition. After all, his Twitter takeover faced numerous hurdles but was ultimately successful.
Factors preventing the acquisition:
Others argue that TikTok’s scale is incomparable to Twitter’s. The latter was acquired for $44 billion, while TikTok is reportedly worth around $50 billion.
Moreover, during the announcement of the ban, China had already made it clear that they would never sell TikTok. China is not selling their TikTok operations in China or anywhere else.
The more likely scenario:
Some suggest, is that this news is merely a stalling tactic ahead of Trump’s inauguration on January 20th.
By floating such headlines, it provides room for negotiation. If the ban does proceed, they would also need a valid reason to reverse it later.
TikTok Refugees Trend on Chinese Internet?
As TikTok faces a potential ban, Chinese social app Xiaohongshu (Rednote) has surged to the top of the US app download charts.
Additionally, several other Chinese apps have entered the top 10 rankings. Lemon8, owned by ByteDance, ReelShort, a Chinese short drama company, and Temu, Pinduoduo’s international e-commerce platform, are all among the top apps.
While the government has ordered the ban, many ordinary users cannot part with this daily app. Numerous TikTok creators may lose a significant platform for content creation, while users will be forced to abandon a beloved entertainment app. Many American users have migrated to Xiaohongshu, sharing their pets and dubbing them as “cat tax.”
Despite all the differences, the situation has led to a rare cultural exchange in recent years. Chinese and American users have begun communicating in a mix of “Chinese-style English” and “English-style Chinese,” creating a sense of global harmony and friendliness.
Humorous memes are circulating online, reflecting the current state of US-China relations with lighthearted satire.
Questions for Discussion:
How do you view the potential sale of TikTok? Would it benefit $Meta Platforms, Inc.(META)$ ?
Do you think Musk will actually acquire TikTok?
Have you ever used the Xiaohongshu app?
What are some Chinese apps you absolutely cannot live without?
Leave your comments and also post to win tiger coins~
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Some believe that if Musk is genuinely interested, it’s entirely possible for him to pull off this acquisition. After all, his Twitter takeover faced numerous hurdles but was ultimately successful.
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How do you view the potential sale of TikTok? Would it benefit $Meta Platforms, Inc.(META)$ ?
Do you think Musk will actually acquire TikTok?
Have you ever used the Xiaohongshu app?
What are some Chinese apps you absolutely cannot live without?
Leave your comments and also post to win tiger coins~
I’ve used Xiaohongshu for two years, and I find it interesting and well-designed. The app blends lifestyle and e-commerce, with a community-driven focus. It’s a mix of Instagram and Pinterest $Pinterest, Inc.(PINS)$. It’s exciting to see Chinese apps like Xiaohongshu gaining popularity in the U.S. as alternatives to TikTok.
I can't live without WeChat for staying connected with friends in China or while traveling. It’s an all-in-one app for messaging, payments, and daily services.
Overall, the app landscape is evolving rapidly. Whether or not Musk acquires TikTok, it will be interesting to see how trends impact users and the tech industry.
No one can read the mind of Musk! He could acquire it. Afterall, it is popular among different groups and could complement X.
Xiaohongshu is really informative and good travel information source. It offers good recommendation for activities and food, and updated rapidly unlike those that appear on Google which are boring, typical tourist stuff. I don’t think I can live without it. It is my daily downtime source of entertainment[Facepalm]
一些人認爲，如果馬斯克真的有興趣，他完全有可能完成這次收購。畢竟，他對Twitter的收購面臨着無數障礙，但最終還是成功了。
阻礙收購的因素：
也有人認爲，TikTok的規模是推特無法比擬的。後者以440億美元收購，而據報道，TikTok的價值約爲500億美元。
而且，在宣佈禁令期間，中國已經明確表示，他們永遠不會出售TikTok。中國不會出售其在中國或其他任何地方的TikTok業務。