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KANZHUN LIMITED (symbol: BZ) operates the leading online recruitment platform in China, BOSS Zhipin. This innovative platform, launched in July 2014, revolutionizes the recruitment process by enabling direct communication between job seekers and employers through a mobile app. The core features of BOSS Zhipin include real-time chat and precise matching, utilizing advanced big data and artificial intelligence to enhance recruitment efficiency.
BOSS Zhipin caters to a wide array of industries, including transportation, logistics, construction, and service sectors. The platform's user base spans over 350 cities in China, with applications extending to numerous international markets following the company's expansion into the United States in 2017. Approximately 85% of the employers on the platform are small to medium-sized enterprises, making it a vital resource for dynamic economic segments.
KANZHUN LIMITED has achieved significant milestones, including being recognized as a high-tech enterprise by the Chinese government in December 2016. The company has maintained a strong reputation for its quality of service and rapid growth, earning various industry awards.
Financially, KANZHUN LIMITED demonstrates robust performance. The company’s recent forecast for Q2 2024 projects total revenues between RMB 1.91 billion and RMB 1.96 billion, indicating a significant year-on-year increase. Additionally, the company announced a new share repurchase program of up to US$200 million, showcasing its strong financial health and commitment to delivering value to shareholders.
The company’s strategic partnerships, including a notable 9.2% stake held by Tencent, further bolster its market position. KANZHUN LIMITED continues to innovate and expand, firmly positioning itself as a leader in the online recruitment industry.
KANZHUN , known as BOSS Zhipin (Nasdaq: BZ; HKEX: 2076), has expanded its share repurchase program to US$350 million. This includes a new 12-month program authorizing an additional US$150 million repurchase, alongside the existing US$200 million program initiated in March 2024. The total amount represents 7.2% of the company's current market value, positioning it among the highest in the industry.
BOSS Zhipin, China's largest online recruitment platform, reported strong Q2 2024 results with total revenue of RMB1,917 million (28.8% YoY increase) and adjusted income from operations of RMB660 million (52.1% YoY increase). The company's average monthly active users grew 25.2% YoY to 54.6 million, while paid enterprise customers increased by 31.1% YoY. As of early August 2024, the company had already repurchased shares worth US$88 million since March 27, 2024.
KANZHUN (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, has announced a new share repurchase program effective August 29, 2024, for a 12-month period. The company may repurchase up to US$150 million of its shares, including American depositary shares. This program will operate alongside an existing US$200 million repurchase program that began on March 20, 2024. The new initiative demonstrates the company's confidence in its continued growth. Repurchases may be made on the open market, through private transactions, block trades, or other legal means, subject to market conditions and regulations. The board will periodically review and may adjust the programs' terms and sizes.
KANZHUN (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, reported strong financial results for Q2 2024. Revenues increased 28.8% year-over-year to RMB1,916.7 million (US$263.8 million). Net income rose 34.8% to RMB417.3 million (US$57.4 million), while adjusted net income grew 26.4% to RMB718.7 million (US$98.9 million).
Key highlights include:
- Average monthly active users up 25.2% to 54.6 million
- Total paid enterprise customers increased 31.1% to 5.9 million
- Adjusted operating margin reached a record high, up 5 percentage points year-over-year
The company expects Q3 2024 revenues between RMB1.90-1.92 billion, representing 18.2-19.5% year-over-year growth.
KANZHUN (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, has announced it will release its unaudited consolidated results for the second quarter ended June 30, 2024, before the U.S. market opens on Wednesday, August 28, 2024. The company will host a conference call on the same day at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants must pre-register for the call and will receive dial-in numbers and a unique PIN upon registration. A live and archived webcast of the conference call will be available on the company's investor relations website at https://ir.zhipin.com.
KANZHUN , operator of China's largest online recruitment platform BOSS Zhipin, has repurchased over 2.12 million ordinary shares worth USD15.8 million in the past week. Since March 27, 2024, the company has bought back approximately 5 million shares totaling USD44.0 million. BOSS Zhipin reported strong Q1 2024 results with revenues reaching RMB1,703.8 million, up 33% year-over-year. The company's adjusted net income increased by 117% to RMB530.7 million. For the full year 2023, BOSS Zhipin achieved revenue of RMB5.95 billion, up 32% year-on-year, with an adjusted operating margin of 27%. The ongoing share repurchases reflect management's confidence in the company's long-term development and market-leading position.
On June 28, 2024, Kanzhun (BOSS Zhipin) announced that all proposed resolutions were approved at its annual general meeting held in Beijing. Key resolutions included the re-election of executive directors Peng Zhao, Tao Zhang, and Xiehua Wang, and independent non-executive directors Yan Li and Mengyuan Dong.
Additionally, the company granted its directors a general unconditional mandate to issue and deal with additional Class A ordinary shares and to purchase the company’s own shares and/or ADSs.
Kanzhun (Nasdaq: BZ), China's largest online recruitment platform operator BOSS Zhipin, celebrated its third Nasdaq listing anniversary by ringing the Nasdaq opening bell on June 17, 2024. Founded in 2014, BOSS Zhipin revolutionized the recruitment industry with its Direct Recruitment Model, leveraging big data and proprietary algorithms for accurate job matching. In Q1 2024, the app achieved over 60 million monthly active users. The company, employing about 5,000 people, has grown rapidly due to its unique business model and strong technology capabilities. Founder and CEO Jonathan Peng Zhao expressed pride in serving millions of job seekers and enterprise users, emphasizing the role of collaboration and technology in their success.
KANZHUN , known as BOSS Zhipin, has repurchased nearly 1 million ordinary shares valued at over RMB74 million.
The company reported record-high revenues for Q1 2024, amounting to RMB1,703.8 million (US$236.0 million), a 33.4% increase from the same quarter in 2023. Adjusted net income rose by 116.6% to RMB530.7 million (US$73.5 million).
Significant growth was noted in blue-collar and lower-tier urban markets, with verified monthly active users reaching 55 million in March 2024, a 24% year-on-year increase. The cumulative verified users exceeded 190 million, while verified enterprises surpassed 14 million.
Notably, blue-collar users contributed over 35% of new user revenue in Q1 2024.
R&D expenses increased by 40%, reaching RMB468 million, driven by investments in generative AI development.
Kanzhun , also known as BOSS Zhipin (Nasdaq: BZ; HKEX:2076), a leading online recruitment platform in China, announced its annual general meeting (AGM) will be held at 3 p.m. Beijing time on June 28, 2024 at the GrandyVic Building, Beijing. The AGM will address proposed resolutions outlined in the AGM Notice. The board of directors endorses these resolutions and recommends shareholders vote in favor. Shareholders of record as of May 23, 2024, are eligible to vote. Citibank, N.A., will facilitate voting for ADS holders. The company also filed its annual report on Form 20-F, including audited financial statements for the year ending December 31, 2023, available on its website and the SEC's website.
KANZHUN ("BOSS Zhipin" or the "Company") (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, announced the resignation of Ms. Shangyu Gao as an independent non-executive director, effective May 21, 2024. Ms. Gao resigned to focus on her other business commitments.
Additionally, Ms. Mengyuan Dong, a financing and investment expert with over 12 years of experience, has been appointed as an independent non-executive director and the chairman of the audit committee, among other roles. Ms. Dong has held notable positions, including director at Huaxing Growth Capital and China Renaissance Holdings. She holds a Bachelor of Arts degree from Fudan University. The Company expressed gratitude to Ms. Gao for her service and welcomed Ms. Dong, highlighting her expertise as a valuable asset for the Company's development.
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