36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings Inc. (NASDAQ: KRKR) has announced a strategic collaboration with Xinhuanet.com, aiming to enhance New Economy content creation in China. This four-year agreement focuses on leveraging both companies' strengths to develop original content, nurture video content creators, and empower enterprises in the New Economy sector. CEO Dagang Feng highlighted the partnership as a significant step to meet market demands and expand user engagement. The collaboration is expected to reshape traditional industries and promote innovation across China's New Economy.

AMTD International announced a joint venture, AK73 Capital, partnering with AMTD Digital, 36Kr, Airstar Digital, and Calvin Choi. This venture aims to support China's new economy by providing a comprehensive service platform focusing on strategic consulting, data analytics, and capital market services. With a mission to empower new economy businesses, AK73 Capital leverages resources from its partners to foster innovation and increase business opportunities. The initiative underscores AMTD's commitment to aiding new economy companies in navigating global capital markets.

On March 12, 2021, 36Kr (NASDAQ: KRKR) announced a joint venture, AK73 Capital, with AMTD Group and Airstar Digital, aimed at supporting China's new economy enterprises. The venture will offer a full lifecycle service platform, providing strategic consulting, data analytics, branding management, and capital market services to empower entrepreneurs. Mr. Calvin Choi, Chairman of AMTD, and Mr. Feng Dagang, CEO of 36Kr, highlighted the venture's potential to connect resources and accelerate growth in the new economy sectors.

36Kr Holdings Inc. (NASDAQ: KRKR) announced participation in virtual investor conferences including the Morgan Stanley China New Economy Summit from January 6-8, 2021, and the Needham 23rd Annual Growth Conference from January 11-15, 2021. Management will engage with institutional investors online during these events. 36Kr aims to empower New Economy participants in China through quality content and diverse business services, positioning itself strongly in the growing market of China's New Economy.

36Kr Holdings Inc. (NASDAQ: KRKR) reported its Q3 2020 financial results, achieving a net loss of RMB14.0 million (US$2.1 million) compared to RMB635.6 million in Q3 2019. Total revenues decreased by 5.5% to RMB123.5 million (US$18.2 million) year-over-year, driven by weak online advertising demand due to COVID-19. However, enterprise value-added services revenues grew by 3.8% to RMB66.4 million (US$9.8 million). Average monthly page views soared 45.4% to 566.3 million, marking 10 consecutive quarters of growth.

36Kr Holdings Inc. (NASDAQ: KRKR) will report its third quarter 2020 financial results on November 30, 2020, before U.S. markets open. An earnings conference call is scheduled for 8:00 a.m. ET on the same day. Participants must register online at least 20 minutes prior to the call, which will also be available via live and archived webcast. The company specializes in serving New Economy participants in China, offering high-quality content, business services, and a robust data analytics platform to capitalize on growth opportunities in the sector.

BEIJING, Oct. 27, 2020 – 36Kr Holdings (NASDAQ: KRKR) announced participation in several investor conferences, including the Goldman Sachs Virtual China Conference (Nov 2-3), Citi Virtual China Investor Conference (Nov 4-6), Industrial Securities Investment Strategy Conference (Nov 11-13 in Shanghai), and Barclays Virtual Global TMT Conference (Dec 9-10). Management will meet with institutional investors during these events. 36Kr is focused on serving China’s New Economy through diverse business services and strong data analytics capabilities.

36Kr Holdings Inc. (NASDAQ: KRKR) announced a new collaboration with Youku Tudou Inc. to enhance its content ecosystem in China. This partnership will focus on developing commercial-themed video programs, leveraging 36Kr's content production expertise and Youku's digital media strengths under Alibaba Group. The inaugural video program launched in September 2020, covering industry insights and investment opportunities. The collaboration aims to attract renowned content creators, optimize content offerings, and increase monetization, further expanding 36Kr's role in the New Economy landscape.

36Kr Holdings reported second quarter 2020 financials with total income of 76.7 million RMB (about 10.9 million USD) and 142 million RMB (about 20.1 million USD) for the first half. Gross profit for Q2 was 22.2 million RMB (29% margin, up 20.6% QoQ). The company achieved positive operating cash flow and reported a 43.6% year-over-year growth in monthly page views. Enterprise value-added service revenue stood at 42.6 million RMB (55.6%), with online advertising revenue rising by 48.9% QoQ to 31.3 million RMB.