The Duolingo logo appears on the smartphone.
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Duolingo Shares rose nearly 7% on Thursday after a surge in users signing up to learn Mandarin coincided with growing use of the Chinese social media app. rednoteTikTok competitor.
The company confirmed to CNBC that there was a 216% increase in the number of Mandarin learners using the app compared to the previous year. For context, Spanish, one of the app's most popular languages, saw a 40% increase over the same period, Duolingo said.
RedNote, or Xiaohongshu, as it's known in China, has risen to become the No. 1 free app on the web. apple App Store, a position it held for most of this week. The top five were TikTok's Lemon8, US-based innovative social media app Clapper, OpenAI's ChatGPT, and dead Topics.
Last week, the Supreme Court heard oral arguments in the case involving… The future of TikTok In the United States, the law that enables Effectively block the popular app. The judges appeared to support adhering to the law, and a decision could be issued on Friday. Tik Tok is It is said Prepare for US shutdown on Sunday.
RedNote has so far been the biggest beneficiary of the exodus of US users, seeing downloads of its apps in the US increase 20-fold over the past week, according to market intelligence firm Sensor Tower. A Duolingo spokesperson told CNBC that the company's marketing team is “looking to the future and already has an active presence on Red, managed by our team in China.”
Duolingo offers online and mobile courses in 42 languages. According to her WebsiteDuolingo has 48.8 million Spanish learners. French is the second most popular language on the application, with 27.3 million users, while Chinese comes in eighth place with 10.7 million users.
Duolingo shares rose 43% last year, outpacing the Nasdaq's 29% gain.
He watches: AI will continue to be a catalyst for Duolingo
