Zhihu Inc Stock Price, News & Analysis

Zhihu (NYSE: ZH; HKEX: 2390) has announced an update regarding its all-cash tender offers to repurchase up to 46,921,448 Class A ordinary shares, including shares in the form of American depositary shares (ADSs). Director Dahai Li has expressed his intention to participate in the Offers by tendering a portion of his Class A ordinary shares and ADSs.

The company emphasizes that this announcement is for informational purposes only and not a solicitation. U.S. shareholders and ADS holders can only participate through the official U.S. Offer to Purchase documentation. All relevant materials and information are available through the SEC website and Zhihu's investor relations portal.

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced that the proposed ordinary resolution for the all-cash tender offers has been adopted at the extraordinary general meeting held in Beijing on October 16, 2024. The tender offers aim to buy back up to 46,921,448 Class A ordinary shares (including ADSs) at an offer price of HK$9.11 per Class A ordinary share (equivalent to US$3.50 per ADS).

The offers have now become unconditional and will remain open for acceptance until 4:00 p.m., Hong Kong time, or 4:00 a.m., New York City time, on Wednesday, October 30, 2024. Beneficial owners of ADSs or Class A ordinary shares held through nominees are advised to contact their brokers or other intermediaries as soon as possible to ensure timely participation in the offers.

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced all cash tender offers to buy back up to 46,921,448 Class A ordinary shares, including ADSs, at HK$9.11 per share (US$3.50 per ADS). The maximum aggregate purchase price would be approximately HK$427.5 million or US$54.8 million. The offers consist of a U.S. offer and a non-U.S. offer, expiring on October 30, 2024. The offers are subject to independent shareholder approval at an extraordinary general meeting on October 16, 2024. The board considers the terms fair and reasonable, and an independent board committee recommends shareholders vote in favor of the offers.

Zhihu Inc. (NYSE: ZH; HKEX: 2390) reported its Q2 2024 financial results. Total revenues were RMB933.8 million (US$128.5 million), down from RMB1,044.2 million in Q2 2023. However, gross margin expanded to 59.6% from 53.8% year-over-year. Net loss narrowed by 71.1% to RMB80.6 million (US$11.1 million), while adjusted net loss (non-GAAP) narrowed by 79.9% to RMB44.6 million (US$6.1 million). The company reported 80.6 million average MAUs and 14.7 million average monthly subscribing members. Zhihu launched Zhihu Zhida, an AI search initiative, in late June. The company has repurchased 31.1 million Class A ordinary shares for US$66.5 million under its existing share repurchase program.

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has announced it will report its unaudited financial results for Q2 2024 on August 22, 2024, after the U.S. market closes. The company will host a conference call at 8:00 P.M. U.S. Eastern Time on the same day (8:00 A.M. Beijing/Hong Kong Time on August 23, 2024) to discuss the results.

Participants must pre-register online to join the conference call. A live and archived webcast will be available on Zhihu's investor relations website. A replay of the call will be accessible for one week after the live call.

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a significant online content community in China, has announced the successful adoption of all proposed resolutions during its annual general meeting (AGM) held on June 26, 2024. Key resolutions included the re-election of Mr. Yuan Zhou, Mr. Zhaohui Li, and Ms. Hope Ni as directors. Additionally, the AGM granted the board a general mandate to issue and repurchase Class A ordinary shares under predefined terms.

Zhihu Inc. (NYSE: ZH; HKEX: 2390) announced its unaudited financial results for Q1 2024, ending March 31. Total revenues amounted to RMB960.9 million (US$133.1 million), a slight decline from RMB994.2 million YOY. Gross margin increased to 56.6% from 51.5%. The net loss was RMB165.8 million (US$23.0 million), a 7.4% reduction from the same period in 2023. Average MAUs reached 89.0 million, and average monthly subscribing members were 14.8 million. The company emphasizes strides toward break-even, with enhanced operating efficiency and cost structure optimization. A share repurchase program extension until June 2025 is proposed, pending shareholder approval. The company held RMB5,216.9 million in cash and equivalents as of March 31, 2024.

Zhihu has regained compliance with the NYSE's minimum average share price requirement of US$1.00 over a 30 trading-day period, as confirmed in a letter dated June 3, 2024. The company had previously been notified on December 28, 2023, that its American Depositary Shares (ADS) were below the required trading price. The latest notification signifies that Zhihu's ADS are now trading above the minimum threshold, resolving the compliance issue.

Zhihu Inc. (NYSE: ZH; HKEX: 2390), a leading online content community in China, has appointed Mr. Bin Sun as its new Chief Technology Officer (CTO), effective immediately. This follows the resignation of Mr. Dahai Li, who will now serve full-time as the CEO of Modelbest, a technology start-up focusing on AI and large language models. Mr. Li will continue as a director at Zhihu. Mr. Sun brings a wealth of experience from his previous roles at iQIYI, Perfect World, Microsoft, and Yahoo. He holds both a Bachelor's and a Master's degree in Computer Science from Harbin Institute of Technology.