BOSS Zhipin Continues Executing Share Repurchase Program
Rhea-AI Summary
BOSS Zhipin (Nasdaq: BZ) continued its share repurchase program on February 2, 2026, using over RMB20 million to buy back 321,276 ordinary shares. The company said it spent more than RMB113 million on repurchases over the past two weeks.
Under the existing program, BOSS Zhipin may repurchase up to US$250 million of shares through the end of August 2026 as part of its shareholder returns plan.
Positive
- RMB20 million used to repurchase 321,276 ordinary shares
- Spent over RMB113 million on repurchases in the past two weeks
- Repurchase authorization of up to US$250 million through August 2026
Negative
- None.
Key Figures
Market Reality Check
Peers on Argus
BZ was down 2.01% while key peers SNAP (-2.94%), BILI (-2.38%), NBIS (-6.95%), Z (-4.24%) and ZG (-3.5%) also declined, indicating a broader sector pullback pre‑announcement.
Previous Buybacks Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 29 | Buyback execution | Positive | +0.4% | Used over RMB20M to repurchase 315,908 shares under existing program. |
| Aug 20 | Buyback upsizing | Positive | +4.8% | Increased repurchase authorization from US$150M to US$250M and extended duration. |
| Aug 29 | Program expansion | Positive | +12.5% | Expanded total repurchase capacity to US$350M across concurrent programs. |
| Aug 29 | New buyback program | Positive | +12.5% | Adopted new 12‑month US$150M buyback alongside an existing US$200M program. |
| Mar 12 | Initial buyback plan | Positive | +18.8% | Announced a US$200M share repurchase program as first major authorization. |
Buyback-related announcements have historically been followed by positive moves, with an average reaction of 9.8% across 5 prior buyback events.
Over recent years, Kanzhun has repeatedly emphasized capital returns. Since March 2024, it has launched and upsized multiple buyback programs, including a US$200M authorization and a later expansion to US$350M, and then increasing one program from US$150M to US$250M through August 28, 2026. Prior buyback headlines have coincided with share price gains, while dividends and strong earnings reinforced a shareholder‑return narrative. Today’s continued repurchases fit directly into this established pattern of distributing capital.
Historical Comparison
In prior buyback announcements, BZ saw an average move of 9.8% across 5 events. This continued execution fits a multi‑year pattern of using repurchases to return capital.
Buyback activity progressed from a US$200M program in 2024, to a new US$150M program and combined US$350M capacity, later upsized to US$250M under the current authorization running through August 28, 2026.
Market Pulse Summary
This announcement highlights Kanzhun’s ongoing use of its share repurchase authorization, deploying over RMB113M in two weeks and repurchasing 321,276 shares as part of a program allowing up to US$250M through August 2026. Historically, buyback headlines have coincided with meaningful stock moves, with an average reaction of 9.8% across 5 events. Investors may focus on remaining authorization, pace of future repurchases, and how these capital returns interact with earnings and growth metrics.
Key Terms
AI-generated analysis. Not financial advice.
BEIJING, Feb. 02, 2026 (GLOBE NEWSWIRE) -- KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HK: 2076) today announced the continued execution of its share repurchase program, utilizing over RMB20 million to repurchase 321,276 ordinary shares. The Company has spent over RMB113 million on share repurchases over the past two weeks. This move is part of the Company's ongoing commitment to shareholder returns. Under its existing repurchase program, BOSS Zhipin may repurchase up to USD250 million worth of its shares by the end of August 2026.
CONTACT: PIACENTE·FINANCIAL COMMUNICATIONS kanzhun@tpg-ir.com
FAQ
How many shares did BOSS Zhipin (BZ) repurchase on February 2, 2026?
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What is the total repurchase authorization for BOSS Zhipin (BZ) and its deadline?
What does the February 2, 2026 buyback mean for BOSS Zhipin (BZ) shareholders?
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