36Kr Holdings Inc. Stock Price, News & Analysis

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.

36Kr Holdings Inc. (NASDAQ: KRKR) reported its second quarter 2020 financial results, showing a net loss of RMB79.5 million (US$11.3 million), significantly improved from a net loss of RMB183.5 million in Q2 2019. Revenues fell 35.3% year-over-year to RMB76.7 million (US$10.9 million), due to the ongoing impact of COVID-19. The company achieved positive operating cash flow for the first time, indicating operational stability. Average monthly page views increased by 43.6% to 499.2 million, highlighting strong traffic generation despite challenges.

36Kr Holdings Inc. (NASDAQ: KRKR) announced its participation in two virtual investor conferences: Citi Hong Kong China TMT Corporate Day on August 26-27, 2020, and Credit Suisse's 8th China Internet C-Level Conference from August 31 to September 2, 2020. The management will engage with institutional investors during these events. Known for empowering participants in China's New Economy, 36Kr provides high-quality content, business services, and data analytics support to address evolving needs in diverse industries.

On July 10, 2020, 36Kr, a NASDAQ-listed company (KRKR), launched the 8-minute Conference to facilitate connections between entrepreneurs and potential investors. This initiative allows for concise presentations of new projects, featuring 15 minutes from industry experts, 3 minutes for project introductions, and 5 minutes for interactive Q&A. Within 2 months, 40 entrepreneurs participated, attracting over 600,000 viewers and 1,000 investors. Notably, 36Kr's Enterprise value-added services segment grew 218.7% year-on-year in FY 2019, generating RMB320 million ($45.9 million), accounting for 48.8% of total revenue.

36Kr Holdings Inc. (NASDAQ: KRKR) announced the appointment of Ms. Yang Li to its Board of Directors, effective immediately, following Mr. Chao Zhu’s resignation for personal reasons. Ms. Li, previously the company’s chief content officer, brings extensive experience in content creation and editing from her tenure at YiMagazine and other media outlets. The management expressed gratitude towards Mr. Zhu for his service and welcomed Ms. Li’s expertise to further enhance the company’s content and services within China’s New Economy sector.

36Kr Holdings Inc. (NASDAQ: KRKR) reported its first quarter 2020 financial results, highlighting a net loss of RMB95.4 million (US$13.5 million), an improvement from RMB130.0 million year-over-year. Total revenues declined to RMB65.2 million (US$9.2 million), down from RMB83.8 million in Q1 2019, primarily due to the impact of COVID-19. However, enterprise value-added services revenues increased by 3.4% to RMB42.8 million (US$6.0 million). Average monthly page views surged by 110.2% year-over-year to 473.9 million, reflecting strong audience engagement despite pandemic challenges.

36Kr Holdings Inc. (NASDAQ: KRKR) announced a share repurchase program authorized by its Board to buy back up to 1,000,000 ADSs, effective post the first quarter 2020 financial results, expected by June 30, 2020.

This initiative reflects the company’s confidence in its long-term prospects and aims to provide value to shareholders by repurchasing shares at current attractive prices. The transactions will occur on the open market, subject to market conditions and regulations.