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Kanzhun Ltd’s Schedule 13G/A reports Image Frame Investment (HK) Ltd’s beneficial ownership of 18,324,051 Class A ordinary shares, or 2.2% of the class. Tencent Holdings Ltd reports the same position and may be deemed to beneficially own the shares held of record by Image Frame; the amounts describe the same shares. Kanzhun had 829,269,523 Class A ordinary shares issued and outstanding as of September 30, 2026.
Key Figures
Beneficial ownership:18,324,051 Class A ordinary sharesPercent of class:2.2%Class A ordinary shares issued and outstanding:829,269,523 shares
3 metrics
Beneficial ownership18,324,051 Class A ordinary sharesThe same position is reported by Image Frame Investment (HK) Ltd and Tencent Holdings Ltd.
Percent of class2.2%Reported beneficial ownership.
Class A ordinary shares issued and outstanding829,269,523 sharesAs of September 30, 2026.
Key Terms
beneficial ownership, Sole Voting Power, Sole Dispositive Power
3 terms
beneficial ownershipregulatory
"beneficial ownership over 18,324,051 Class A Ordinary Shares held of record by Image Frame"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole Voting Powerregulatory
"Sole Voting Power 18,324,051.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Powerregulatory
"Sole Dispositive Power 18,324,051.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many BZ shares do Image Frame and Tencent report owning?
Image Frame Investment (HK) Ltd reports beneficial ownership of 18,324,051 Class A ordinary shares. Tencent Holdings Ltd may be deemed to beneficially own the same shares, held of record by Image Frame.
What percentage of BZ does the reported share position represent?
The reported position represents 2.2% of Kanzhun’s Class A ordinary shares. The calculation uses 829,269,523 shares issued and outstanding as of September 30, 2026.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
Kanzhun Ltd
(Name of Issuer)
Class A Ordinary Shares, par value US$0.0001 per share
(Title of Class of Securities)
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Image Frame Investment (HK) Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
HONG KONG
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
18,324,051.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
18,324,051.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,324,051.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Note to Row 11: See Item 4 below.
SCHEDULE 13G
CUSIP No.
1
Names of Reporting Persons
Tencent Holdings Ltd
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CAYMAN ISLANDS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
18,324,051.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
18,324,051.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
18,324,051.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.2 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Notes to Rows 5, 7, and 9: Tencent Holdings Limited may be deemed to have beneficial ownership over 18,324,051 Class A Ordinary Shares held of record by Image Frame Investment (HK) Limited.
Note to Row 11: See Item 4 below.
Image Frame Investment (HK) Limited
Tencent Holdings Limited
(each a "Reporting Person" and collectively the "Reporting Persons")
(b)
Address or principal business office or, if none, residence:
For both Reporting Persons:
Level 29, Three Pacific Place
No. 1 Queen's Road East
Wanchai, Hong Kong
(c)
Citizenship:
Image Frame Investment (HK) Limited: Hong Kong
Tencent Holdings Limited: Cayman Islands
(d)
Title of class of securities:
Class A Ordinary Shares, par value US$0.0001 per share
(e)
CUSIP No.:
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference.
(b)
Percent of class:
The foregoing calculation is based on 829,269,523 Class A Ordinary Shares issued and outstanding as of September 30, 2026, as reported on the monthly return with The Stock Exchange of Hong Kong Limited filed as Exhibit 99.1 to the Issuer's current report on Form 6-K furnished to the U.S. Securities and Exchange Commission on October 7, 2026 (File No. 001-40460).
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
(ii) Shared power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
(iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
(iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
Item 5.
Ownership of 5 Percent or Less of a Class.
Ownership of 5 percent or less of a class
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Image Frame Investment (HK) Ltd
Signature:
/s/ Byun Jung-won Elizabeth
Name/Title:
Byun Jung-won Elizabeth / Director
Date:
11/10/2026
Tencent Holdings Ltd
Signature:
/s/ Ma Huateng
Name/Title:
Ma Huateng / Director
Date:
11/10/2026
Exhibit Information
Joint Filing Agreement https://www.sec.gov/Archives/edgar/data/1293451/000095010322002319/dp166934_ex9901.htm
(Incorporated herein by reference to the Joint Filing Agreement by Image Frame Investment (HK) Limited and Tencent Holdings Limited dated as of February 10, 2022, which was previously filed with the U.S. Securities and Exchange Commission as Exhibit A to Schedule 13G filed by Image Frame Investment (HK) Limited and Tencent Holdings Limited on February 10, 2022 with respect to the Class A ordinary shares of KANZHUN LIMITED)
