Welcome to our dedicated page for 36Kr Holdings news (Ticker: KRKR), a resource for investors and traders seeking the latest updates and insights on 36Kr Holdings stock.
36Kr Holdings Inc. reports developments tied to its role as a China-focused platform serving New Economy participants through content, online advertising services, enterprise value-added services and subscription services. Company updates commonly cover unaudited financial results, annual reporting, revenue mix, cost optimization and operating efficiency across its business services model.
News also includes 36Kr's use of data analytics and AI-enabled tools in content and enterprise services, along with events such as the WISE business conference that highlight technology, industry leadership and New Economy themes in China.
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.
36Kr Holdings Inc. (NASDAQ: KRKR) announced the immediate appointment of Ms. Lin Wei as its new chief financial officer. Lin joined 36Kr in May 2021 as Vice President of Finance and Capital Markets, bringing extensive experience from her previous roles at iQIYI and other NASDAQ-listed companies. Co-chairman and CEO Dagang Feng emphasized Lin's financial management expertise as vital for the company's growth in the digital economy. This leadership change aims to bolster the company's strategic direction and financial stability amidst evolving market demands.
36Kr Holdings Inc. (NASDAQ: KRKR) announced its participation in multiple upcoming investor conferences. These include the Goldman Sachs China Conference (November 1-5, 2021), Citi China Investor Conference (November 1-10, 2021), and BofA Securities 2021 China Conference (November 1-12, 2021), all virtual events. Additionally, the company will attend the CICC Investment Forum and China Merchants Securities Capital Markets Conference in Shanghai. Management will meet with institutional investors during these events, focusing on empowering participants in China's New Economy.
36Kr Holdings Inc. (NASDAQ: KRKR) announced a new marketing collaboration with Intel, providing customized short-form video advertising solutions for Intel's Evo™ platform laptops. The campaign includes a 7-minute video and three 4-minute videos, already achieving over 7 million views. Launched in August 2020, 36Kr's short-form video initiative has gained over 6 million followers, enhancing its advertising capabilities and attracting more B2C clients. This growth positions 36Kr as a leader in the Business & Finance video content sector, aiming to increase customer engagement and spending.
36Kr Holdings Inc. (NASDAQ: KRKR) has announced the expansion of its joint venture, 36Kr Global, into the European and Australia & New Zealand markets. This move marks a significant step in its international business development, building on previous successes in Asia. The new operations will focus on providing regional business news and enterprise services, alongside establishing media outlets KrEurope and Kr-ANZ. The CEO emphasized the opportunity to support Chinese New Economy enterprises in their global growth and enhance brand recognition.
36Kr Holdings Inc. (NASDAQ: KRKR) reported its unaudited financial results for Q2 2021, revealing total revenues of RMB72.1 million (US$11.2 million), a decline from RMB76.7 million in Q2 2020. Online advertising revenues surged by 65.1% to RMB51.7 million (US$8.0 million). The company posted a net loss of RMB34.1 million (US$5.3 million), significantly reduced from RMB79.5 million year-over-year. Notably, gross profit increased by 86.1% to RMB41.4 million (US$6.4 million), with a gross profit margin of 57.4%, up from 29.0% in the previous year.
36Kr Holdings Inc. (NASDAQ: KRKR) announced it will release its unaudited financial results for Q2 2021 on August 24, 2021, before U.S. markets open. An earnings conference call is scheduled for 8:00 AM ET on the same day. Participants must register online 20 minutes in advance. The call will be available via live and archived webcast on the Company's investor relations website, with a replay option until August 31, 2021. 36Kr serves New Economy participants in China, providing content and business services aimed at empowering its clients.