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True "Xiaohongshu Concept Stock": Duolingo.
The influx of "foreign TikTok refugees" into Xiaohongshu unexpectedly sparked enthusiasm among Americans to learn Chinese. While the global download volume of the Xiaohongshu app surged, the number of Chinese learners in the USA region of Duolingo increased by 216% year-on-year. With the expansion of the user base, JPMorgan has given Duolingo an "overweight" rating and set the Target Price at $400, which is 14% higher than last Friday's closing price.
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