36Kr Holdings Inc. Stock Price, News & Analysis

36Kr Holdings Inc. (NASDAQ: KRKR) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2020, with the SEC on April 29, 2021. The report contains the audited consolidated financial statements and is accessible on the company's investor relations website and the SEC's site. Shareholders can request a hard copy of the report free of charge by contacting the investor relations department. 36Kr is dedicated to serving New Economy participants in China and has expanded its services to include online advertising and enterprise value-added services.

36Kr Holdings Inc. (NASDAQ: KRKR) reported its unaudited financial results for Q4 and fiscal year 2020. Q4 revenues fell to RMB121.4 million (US$18.6 million), down 62.4% year-over-year, with a net loss of RMB91.4 million (US$14.0 million). For fiscal year 2020, total revenues were RMB386.8 million (US$59.3 million), a decrease of 41.0%, while net loss reached RMB280.2 million (US$42.9 million). Despite challenges, average monthly page views grew by 48.1% to 630.2 million, highlighting strong user engagement. The company continues to adapt its business operations amid economic impacts from COVID-19.

36Kr Holdings Inc. (NASDAQ: KRKR) has announced it will release its fourth quarter and fiscal year 2020 unaudited financial results on April 15, 2021, prior to the U.S. market opening. An earnings conference call is scheduled for 8:00 AM ET on the same day. Interested participants must register online 20 minutes before the call to receive dial-in details. The call will be available for replay until April 22, 2021. 36Kr focuses on empowering New Economy participants in China with its diverse service offerings and significant brand influence.

36Kr Holdings Inc. (NASDAQ: KRKR) announced the resignation of chief financial officer Jihong Liang for personal reasons, effective immediately. Mr. Dagang Feng, CEO, expressed gratitude for Liang's contributions. Effective April 1, Mr. Hao Lan will join as a director, bringing over 10 years of operational management experience from previous roles at notable firms. Mr. Xiang Li has been appointed as acting CFO, also effective April 1, pending the search for a permanent replacement. Li has 15 years of financial experience and has been with 36Kr since 2016.

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.