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KANZHUN LIMITED reports recurring developments tied to BOSS Zhipin, its online recruitment platform in China that connects job seekers and enterprise users through a mobile app built around two-way communication and intelligent recommendations. Company news commonly covers unaudited quarterly results, annual reporting, platform operations, and disclosures for its Nasdaq-listed American depositary shares and Hong Kong-listed shares.
Updates also include share repurchase activity, annual Form 20-F filings, and environmental, social and governance reporting. These announcements frame the company around online recruiting, enterprise customer demand, capital-return actions, and governance or sustainability topics associated with its dual public-company reporting obligations.
KANZHUN LIMITED (Nasdaq: BZ) reported its Q2 2021 financial results with total revenues of RMB1,168.2 million (US$180.9 million), a substantial increase of 173.9% year-over-year. Average monthly active users rose to 30.4 million, up 44.8%. Despite the impressive revenue growth, the company faced a net loss of RMB1,414.1 million (US$219.0 million), significantly higher than the previous year's loss of RMB167.4 million, primarily due to one-time share-based compensation expenses. The company forecasts Q3 2021 revenues between RMB1.18 billion and RMB1.21 billion, marking a year-on-year increase of 100.0% to 105.1%.
KANZHUN LIMITED (Nasdaq: BZ), a top online recruitment platform in China, will release its unaudited results for Q2 2021 on August 27, 2021, before the U.S. market opens. A conference call is scheduled for the same day at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss these results. Participants must pre-register to join the call and will receive dial-in details via email. A live and archived webcast will also be available on the Company’s investor relations website. A replay will be accessible until September 3, 2021.
KANZHUN LIMITED (Nasdaq: BZ) announced that its recruitment platform, BOSS Zhipin, is undergoing a cybersecurity review mandated by the Cyberspace Administration of China. As a result, new user registrations for the app in China will be suspended during the review process. The company will cooperate with authorities and conduct a thorough examination of cybersecurity risks while maintaining normal operations otherwise. KANZHUN is recognized as China’s leading online recruitment platform, focusing on enhancing user experience and recruitment efficiency.
Zhipin.com, China's largest online recruitment platform, successfully went public on the Nasdaq on June 11, 2021, under the stock code BZ. The initial public offering (IPO) raised over USD1 billion by issuing 48 million American Depositary Shares (ADS), valuing the company at over USD8 billion. Meridian Capital, a key institutional investor, has supported Zhipin.com since its inception in 2014, helping it innovate recruitment processes and improve talent matching efficiency. The online recruitment market in China is projected to grow from RMB55.1 billion in 2020 to RMB223.4 billion in 2025 at a CAGR of 32.3%.
KANZHUN LIMITED (Nasdaq: BZ), a top online recruitment platform in China, has priced its initial public offering at US$19.00 per American Depositary Share (ADS), raising a total of US$912.0 million with 48,000,000 ADSs. The company plans to list the ADSs on the Nasdaq Global Select Market today, with trading commencing promptly. Closing of the offering is anticipated on June 15, 2021, assuming standard conditions are met. The underwriters have an option to purchase up to 7,200,000 additional ADSs within 30 days at the same price.