A growing number of mobile apps developed by Chinese companies are rapidly gaining popularity around the world, with growing influence on overseas users.
Chinese apps have consistently ranked among the top 10 of download charts across 169 countries and regions this year. In 18 of these countries and regions, more than half of the top 10 spots are taken by Chinese apps.
Dominating Chinese apps have transcended from games to shopping, catering, logistics, AI, and photography.
One outstanding example is Xiaohongshu or RedNote, a popular Chinese social media platform, which scaled to the global download top 10 for the first time in January. The platform's authentic user-generated content has broken down regional barriers, allowing foreign users to experience the warmth, enthusiasm, and vitality of Chinese life and culture.
In February, DeepSeek, a free AI-powered chatbot, was launched and, within a few weeks, it surged into the global top three in download rankings, marking another significant achievement for Chinese apps abroad.
April saw a surge in cross-border e-commerce, sparked by a series of U.S. tariffs. Taobao, one of China's leading online shopping platforms, topped the shopping charts in 29 countries.
Data from mobile app analytics platforms revealed that several Chinese apps have topped the U.S. app rankings in recent weeks. On April 14, DHgate surged to the top of the shopping chart, while trend-toy maker Pop Mart topped in Apple's U.S. App Store on April 25.
Chinese apps gain popularity overseas
Chinese apps gain popularity overseas
U.S. stocks ended mixed on Friday as investors digested hotter-than-expected inflation data amid ongoing geopolitical uncertainties.
The Dow Jones Industrial Average fell 0.56 percent to 47,916.57. The S and P 500 slipped 0.11 percent to 6,816.89. The Nasdaq Composite Index rose 0.35 percent to 22,902.89.
Seven of the 11 primary S and P 500 sectors closed lower. Consumer staples and health care led the declines, falling 1.43 percent and 1.33 percent, respectively. Technology and materials were the top performers, advancing 0.76 percent and 0.64 percent.
The U.S. consumer price index (CPI) jumped 3.3 percent in March from a year earlier, representing nearly a full percentage point increase from February's annual pace, according to the Bureau of Labor Statistics. The energy index surged 10.9 percent in March, propelled by a 21.2-percent jump in gasoline prices, which alone accounted for nearly three quarters of the monthly increase across all items.
The core CPI, which excludes volatile food and energy components to measure underlying inflation, increased more modestly, rising 0.2 percent for the month and 2.6 percent year over year.
White House Deputy Press Secretary Kush Desai stated that the economy "remains on a solid trajectory," while acknowledging that food and gas prices have risen. National Economic Council Director Kevin Hassett described the current situation as "a temporary energy disruption," adding that the economic effects of the Iran conflict are "a temporary distraction that will very, very quickly go away."
However, Kathy Bostjancic, chief economist at Nationwide, argued that even if a long-lasting deal to end the war is reached and the Strait of Hormuz is fully reopened, "it would take months for oil, gasoline, diesel and other commodity supplies to snap back to pre-war levels and thus for prices to settle back to pre-conflict levels."
Meanwhile, the University of Michigan's preliminary April consumer sentiment index fell sharply to a record low of 47.6, down from 53.3 in March and well below analysts' expectations of 52.0, reflecting growing public concern over the impact of the Iran war on household finances.
Shares of the "Magnificent Seven" technology giants were mostly lower on the day. Nvidia stood out as the strongest performer, rising 2.57 percent.
Investors are now turning their attention to the upcoming U.S.-Iran talks scheduled for this weekend.
U.S. stocks close mixed after shocking inflation data
