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Kanzhun Limited - BZ STOCK NEWS

Welcome to our dedicated page for Kanzhun news (Ticker: BZ), a resource for investors and traders seeking the latest updates and insights on Kanzhun stock.

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.

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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.

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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.

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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.

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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.

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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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KANZHUN (Nasdaq: BZ; HKEX: 2076), a prominent online recruitment platform in China, announced its first-quarter 2024 financial results. Revenues reached RMB1,703.8 million (US$236.0 million), marking a 33.4% increase year-over-year. Calculated cash billings rose by 24.3% to RMB2,050.7 million (US$284.0 million). The company reported a significant rise in average monthly active users, reaching 46.6 million, a 17.4% increase. Additionally, the total paid enterprise customers grew by 42.5% to 5.7 million. Net income surged to RMB241.7 million (US$33.5 million), with an adjusted net income of RMB530.7 million (US$73.5 million), up by 116.6%. The company also announced a new share repurchase program of up to US$200 million. The revenue forecast for Q2 2024 is between RMB1.91 billion and RMB1.96 billion, reflecting a year-on-year increase of 28.4% to 31.7%.

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KANZHUN , a leading online recruitment platform in China, will report its first-quarter 2024 results on May 21, 2024. The Company will host a conference call to discuss the results. Participants can pre-register to gain immediate access to the call. A live and archived webcast will be available on the Company's investor relations website.

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KANZHUN , a leading online recruitment platform in China, released its 2023 Environmental, Social and Governance report showcasing its commitment to ESG goals. The report emphasizes the company's achievements in corporate governance, employee development, green practices, and community care. Investors can access the full report on the company's investor relations website.

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KANZHUN , known as BOSS Zhipin, has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023. The report is available on the company's investor relations website and includes audited financial statements. Shareholders and ADS holders can request a hard copy free of charge. The company has also published its annual report for Hong Kong purposes.

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KANZHUN LIMITED ('BOSS Zhipin') reported strong financial results for Q4 and full year 2023, with revenue and user growth. The company's net income improved significantly, driven by expanded user base and operational efficiency.
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FAQ

What does KANZHUN LIMITED do?

KANZHUN LIMITED operates BOSS Zhipin, a leading online recruitment platform in China that connects job seekers and employers through a mobile app.

What are the core features of BOSS Zhipin?

BOSS Zhipin enables real-time chat and precise matching between job seekers and employers, utilizing big data and AI.

Which industries does BOSS Zhipin serve?

The platform serves various industries, including transportation, logistics, construction, and service sectors.

What percentage of employers on BOSS Zhipin are SMEs?

Approximately 85% of the employers on BOSS Zhipin are small to medium-sized enterprises.

How has KANZHUN LIMITED expanded internationally?

KANZHUN LIMITED expanded internationally by establishing a presence in the United States in 2017.

What recent financial achievements has KANZHUN LIMITED reported?

For Q2 2024, KANZHUN LIMITED expects total revenues between RMB 1.91 billion and RMB 1.96 billion, reflecting a year-on-year increase.

What is the recent share repurchase program announced by KANZHUN LIMITED?

KANZHUN LIMITED announced a share repurchase program of up to US$200 million, effective from March 20, 2024.

Who are KANZHUN LIMITED's main competitors?

KANZHUN LIMITED's main competitors are 58.com, 51job, and Zhilian Zhaopin.

Which major corporation has a stake in KANZHUN LIMITED?

Tencent holds a 9.2% stake in KANZHUN LIMITED.

What recognition has KANZHUN LIMITED received?

KANZHUN LIMITED was recognized as a high-tech enterprise by the Chinese government in December 2016 and has earned various industry awards.

Kanzhun Limited

Nasdaq:BZ

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