TikTok Drama Helps Power Up Some China Consumer Stocks

(Bloomberg) -- The droves of Americans turning to Chinese-made social apps as an alternative to TikTok represent a potentially new customer base for some mainland consumer companies, helping boost their stocks.More than 2 million users flooded to Xiaohongshu — now known in the US as RedNote — in just two days after the US Supreme Court signaled it was likely to uphold a law banning the popular TikTok app. Stocks such as Hangzhou Onechance Tech Corp. and Yantai China Pet Foods Co. have surged sin