Zhihu (NYSE: ZH; HKEX: 2390) announced that Qu Chen has been appointed as a non-executive director, effective June 3, 2026. Bing Yu resigned from the same role to focus on other business commitments.
Chen brings 13+ years of experience in strategic investment, capital markets, and business analysis.
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News Market Reaction – ZH
-0.33%
1 alert
-0.33%Session close to close
$269.91MMarket Cap
0.0xRel. Volume
In the Jun 3 session, ZH declined 0.33%, reflecting a mild negative market reaction.
This announcement details the resignation of one non-executive director and the appointment of a new...
Analysis
This announcement details the resignation of one non-executive director and the appointment of a new one effective June 3, 2026, highlighting continuity in Zhihu’s board oversight. It follows earlier ESG, annual reporting, and FY2025 earnings updates, where revenue declined but adjusted profitability improved. Investors may focus on how the new director’s strategic and capital markets background complements existing leadership and how future disclosures and results build on the current governance framework.
Key Figures
FY2025 revenue:RMB2,749.0MFY2024 revenue:RMB3,598.9MQ4 2025 revenue:RMB643.5M+5 more
8 metrics
FY2025 revenueRMB2,749.0MFull year 2025 revenue vs prior year
FY2024 revenueRMB3,598.9MFull year 2024 revenue comparator
Q4 2025 revenueRMB643.5MUnaudited Q4 2025 results
FY adjusted net incomeRMB37.9MNon-GAAP FY2025 adjusted net income
FY net lossRMB195.2MGAAP net loss for FY2025
Gross margin59.9%FY2025 gross margin
Cash and equivalentsRMB4,451.2MBalance as of Dec 31, 2025
Share repurchasesUS$66.5MTotal shares repurchased during 2025
Scheduling of Q4 and full-year 2025 results release and related conference call.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Pattern Detected
Recent news reactions have generally aligned with the tone of announcements, including a selloff on weaker FY2025 results and modest gains on ESG and reporting updates.
Recent Company History
Over the last six months, Zhihu’s key updates included ESG reporting and regulatory filings on April 17, 2026, and detailed FY2025 results on March 25, 2026. The FY2025 release showed lower revenue versus 2024 and triggered a -6.29% reaction, while ESG and annual report news coincided with a 3.53% rise. Today’s board-level director change on June 3, 2026 fits into an ongoing pattern of governance and disclosure updates without an obvious operational catalyst.
Key Terms
non-executive director, Form 3, Form 20-F, restricted share units (RSUs), +1 more
5 terms
non-executive directorfinancial
"announced the appointment of Mr. Qu Chen as a non-executive director of the Company."
A non-executive director is a member of a company’s board who does not work for the company day-to-day but provides independent oversight, strategic guidance and checks on management. For investors, they matter because they act like an impartial referee or outside advisor, helping ensure decisions protect shareholder interests, reduce risks of poor governance, and add credibility to financial reporting and long-term strategy.
Form 3regulatory
"Initial Statement of Beneficial Ownership"
Form 3 is the initial public filing that officers, directors and large shareholders must submit to report their ownership of a company’s securities when they become insiders. It acts like an opening inventory sheet that gives investors a starting point to see who holds significant stakes and to spot later trades or potential conflicts of interest, helping assess insider confidence and transparency.
Form 20-Fregulatory
"filed its annual report on Form 20-F for the fiscal year ended December 31, 2025"
Form 20-F is the standardized annual disclosure that non-U.S. companies must file with the U.S. securities regulator when their shares are traded in the U.S.; it contains audited financial statements, a plain-language description of the business, management discussion, governance details and key risk factors. It matters to investors because it provides a consistent, comparable company “report card” and rulebook, helping buyers assess financial health, governance and risks before investing.
restricted share units (RSUs)financial
"grant of 2,500,000 Restricted Share Units (RSUs), each representing one Class A ordinary share."
Restricted share units (RSUs) are a form of employee pay where a company promises to give shares (or their cash value) to workers after certain conditions, usually time or performance, are met. For investors, RSUs matter because they can increase the number of shares outstanding and signal how management is being paid and incentivized—think of them as delayed bonuses that convert into ownership when vesting conditions are satisfied.
American depositary sharesfinancial
"The holdings are in the form of American depositary shares, with each ADS representing three Class A ordinary shares."
American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.
BEIJING, June 03, 2026 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, today announced the appointment of Mr. Qu Chen as a non-executive director of the Company. Mr. Bing Yu has resigned as a non-executive director of the Company in order to dedicate more time to his other business commitments. These changes are effective on June 3, 2026.
Mr. Chen has over 13 years of experience in strategic investment, capital markets, and business analysis. He joined Kuaishou Technology (HKEX: 1024) in April 2018 and currently serves as Head of Business Analytics, responsible for Kuaishou Group’s strategy, investment and operational analysis. Before joining Kuaishou Group, he was the founder and served as the chief executive officer of Beijing Nebulium Games Technology Co., Ltd. from June 2013 to September 2017. Mr. Chen received his Master of Business Administration from Stanford University (officially the Leland Stanford Junior University) in June 2013.
“On behalf of the board of directors, I would like to express our sincere gratitude to Mr. Bing Yu for his valuable contributions throughout his tenure and wish him all the best in his future endeavors,” said Mr. Yuan Zhou, chairman and chief executive officer of the Company. “We are also pleased to welcome Mr. Qu Chen to the board. Mr. Chen has built a strong track record in China’s internet sector, with deep expertise in business strategy, investment, and capital markets. His industry insights and strategic perspective will support the board as we continue to advance our long-term growth strategy.”
About Zhihu Inc.
Zhihu Inc. (NYSE: ZH; HKEX: 2390) is a leading online content community where people come to find solutions, make decisions, seek inspiration, and have fun. Since the initial launch in 2010, Zhihu has grown into the largest Q&A-inspired online content community in China. For more information, please visit https://ir.zhihu.com.
What board change did Zhihu (NYSE: ZH) announce on June 3, 2026?
Zhihu announced the appointment of Qu Chen as a non-executive director and the resignation of Bing Yu, effective June 3, 2026. According to Zhihu, Yu stepped down to devote more time to other business commitments.
Who is Qu Chen, the new non-executive director of Zhihu (ZH)?
Qu Chen is Zhihu’s newly appointed non-executive director with over 13 years of experience. According to Zhihu, he leads Business Analytics at Kuaishou Group and previously founded and led Beijing Nebulium Games Technology from 2013 to 2017.
Why did Zhihu director Bing Yu resign from the board in June 2026?
Bing Yu resigned as a non-executive director to focus on other business commitments. According to Zhihu, his resignation became effective June 3, 2026, and the board expressed gratitude for his contributions and wished him success in future endeavors.
What experience does Zhihu director Qu Chen bring to the board?
Qu Chen brings extensive experience in strategic investment, capital markets, and business analysis. According to Zhihu, he joined Kuaishou in 2018, now heads Business Analytics, and holds an MBA from Stanford University, supporting Zhihu’s long-term growth strategy.
How might Qu Chen’s appointment influence Zhihu’s long-term strategy?
Qu Chen’s background in strategy, investment, and analytics is expected to support Zhihu’s long-term growth plans. According to Zhihu, his industry insights and strategic perspective will help the board as it advances the company’s growth and capital markets strategy.
When does the Zhihu board change involving Qu Chen and Bing Yu take effect?
The board change is effective on June 3, 2026, covering both appointment and resignation. According to Zhihu, this date marks Qu Chen’s start as non-executive director and Bing Yu’s official departure from the board.
