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.
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.
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.