36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings Inc. (NASDAQ: KRKR) announced an SEC identification under the Holding Foreign Companies Accountable Act (HFCAA) on May 4, 2022, due to its auditor's working papers being uninspectable by the PCAOB. This means that if the SEC identifies the company for three consecutive years, trading would be prohibited. Despite this identification, 36Kr's NASDAQ listing remains unaffected. The company is actively exploring solutions to protect shareholders from potential regulatory risks while complying with laws in both China and the U.S.

36Kr Holdings Inc. (NASDAQ: KRKR) announced the filing of its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2021, on April 25, 2022. The report includes audited consolidated financial statements, accessible via the Company's investor relations website and the SEC's website. Shareholders can request a free hard copy of the report. 36Kr is focused on servicing China's New Economy participants through content offerings, business services, and strong data analytics capabilities. The Company aims to capture growth opportunities in this evolving market.

36Kr Holdings Inc. (KRKR) announced its acquisition of a 7.273% equity interest in Hangzhou Jialin Information Technology Co., Ltd. for RMB40 million as part of its round B financing. The Company transferred its 100% equity interest in Beijing Dianqier Creative Interactive Media Culture Co., Ltd. in exchange. This transaction is expected to yield approximately RMB36 million in gains in Q1 2022, pending auditor review. 36Kr continues to position itself as a key player in China's New Economy, leveraging content and business services to empower various sectors.

36Kr Holdings Inc. (NASDAQ: KRKR) announced its unaudited financial results for Q4 and fiscal year 2021, revealing total revenues of RMB116.3 million (US$18.2 million) in Q4, a decrease from RMB121.4 million in Q4 2020. Online advertising revenues rose 10.2% to RMB76.4 million. The company's gross profit surged 48.5% to RMB75.6 million, with a gross profit margin of 65.0%. Despite a net income of RMB15.4 million, the fiscal year ended with a net loss of RMB90.6 million vs. RMB279.3 million in 2020. Cash reserves stood at RMB216.1 million, reflecting improved liquidity.

36Kr Holdings Inc. (NASDAQ: KRKR) will release its fourth quarter and fiscal year 2021 unaudited financial results on March 29, 2022, before U.S. market opening. An earnings conference call is scheduled for 8:00 AM ET on the same day. Participants must register in advance to receive dial-in instructions. The call will be accessible via a live and archived webcast on the company's investor relations webpage. 36Kr is known for its content offerings and business services for New Economy participants in China, leveraging strong data analytics to capture growth opportunities.

AMTD Group and its subsidiaries, including AMTD International (NYSE: AMTD) and AMTD Digital (NYSE: HKD), are launching the AMTD SpiderNet World in the Metaverse. This initiative will feature specialized districts such as the Business “IDEA” District, Knowledge District, and Social District, aimed at connecting users with decentralized services, educational programs, and community efforts. The project emphasizes collaboration with various partners, including fintech and entertainment firms. AMTD aims to foster connectivity and innovation in the Metaverse and enhance its market presence across multiple sectors.

36Kr Holdings Inc. (NASDAQ: KRKR) announced reaching over one million followers on its Bilibili account, marking a key milestone for its short-form video content strategy. Launched in August 2020, the video segment has significantly contributed to user growth and commercial success, with total followers surpassing 20 million. The company has engaged with notable brands for customized video campaigns, enhancing its revenue per advertising customer. As CEO Dagang Feng stated, this achievement strengthens 36Kr's position to capitalize on opportunities in China's New Economy market.

36Kr Holdings Inc. (KRKR) reported its Q3 2021 financial results, highlighting total revenues of RMB84.9 million (US$13.2 million), a decrease from RMB123.5 million year-over-year. Online advertising revenues rose 4.4% to RMB53.4 million, while enterprise value-added services revenue fell significantly to RMB22.5 million, reflecting a strategic shift to high-margin services. Subscription services grew by 51.6% to RMB9.0 million. The company recorded a net loss of RMB30.5 million (US$4.7 million). As of September 30, 2021, cash and equivalents totaled RMB178 million (US$27.6 million).

36Kr Holdings Inc. (NASDAQ: KRKR) announced the upcoming release of its third quarter 2021 unaudited financial results on December 9, 2021, prior to the U.S. market opening. An earnings conference call will be held at 7:00 AM U.S. Eastern Time on the same day. Investors can register for the call through a provided link and access live webcasts through the Company's investor relations site. 36Kr is focused on empowering New Economy participants in China with diverse content offerings and data analytics capabilities.