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Kanzhun Ltd. (BZ) delivers AI-powered recruitment solutions through its Boss Zhipin platform, transforming how Chinese employers connect with talent. This news hub provides investors and industry professionals with essential updates about the company developments shaping the HR technology sector.
Access real-time announcements covering financial results, strategic partnerships, and technological advancements in machine learning-driven job matching. Our curated collection includes press releases about platform innovations, market expansion initiatives, and operational milestones relevant to China’s evolving recruitment landscape.
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KANZHUN (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, has announced it will release its unaudited consolidated results for the second quarter ended June 30, 2024, before the U.S. market opens on Wednesday, August 28, 2024. The company will host a conference call on the same day at 8:00PM Beijing Time (8:00AM U.S. Eastern Time) to discuss the results. Participants must pre-register for the call and will receive dial-in numbers and a unique PIN upon registration. A live and archived webcast of the conference call will be available on the company's investor relations website at https://ir.zhipin.com.
KANZHUN , operator of China's largest online recruitment platform BOSS Zhipin, has repurchased over 2.12 million ordinary shares worth USD15.8 million in the past week. Since March 27, 2024, the company has bought back approximately 5 million shares totaling USD44.0 million. BOSS Zhipin reported strong Q1 2024 results with revenues reaching RMB1,703.8 million, up 33% year-over-year. The company's adjusted net income increased by 117% to RMB530.7 million. For the full year 2023, BOSS Zhipin achieved revenue of RMB5.95 billion, up 32% year-on-year, with an adjusted operating margin of 27%. The ongoing share repurchases reflect management's confidence in the company's long-term development and market-leading position.
On June 28, 2024, Kanzhun (BOSS Zhipin) announced that all proposed resolutions were approved at its annual general meeting held in Beijing. Key resolutions included the re-election of executive directors Peng Zhao, Tao Zhang, and Xiehua Wang, and independent non-executive directors Yan Li and Mengyuan Dong.
Additionally, the company granted its directors a general unconditional mandate to issue and deal with additional Class A ordinary shares and to purchase the company’s own shares and/or ADSs.
Kanzhun (Nasdaq: BZ), China's largest online recruitment platform operator BOSS Zhipin, celebrated its third Nasdaq listing anniversary by ringing the Nasdaq opening bell on June 17, 2024. Founded in 2014, BOSS Zhipin revolutionized the recruitment industry with its Direct Recruitment Model, leveraging big data and proprietary algorithms for accurate job matching. In Q1 2024, the app achieved over 60 million monthly active users. The company, employing about 5,000 people, has grown rapidly due to its unique business model and strong technology capabilities. Founder and CEO Jonathan Peng Zhao expressed pride in serving millions of job seekers and enterprise users, emphasizing the role of collaboration and technology in their success.
KANZHUN , known as BOSS Zhipin, has repurchased nearly 1 million ordinary shares valued at over RMB74 million.
The company reported record-high revenues for Q1 2024, amounting to RMB1,703.8 million (US$236.0 million), a 33.4% increase from the same quarter in 2023. Adjusted net income rose by 116.6% to RMB530.7 million (US$73.5 million).
Significant growth was noted in blue-collar and lower-tier urban markets, with verified monthly active users reaching 55 million in March 2024, a 24% year-on-year increase. The cumulative verified users exceeded 190 million, while verified enterprises surpassed 14 million.
Notably, blue-collar users contributed over 35% of new user revenue in Q1 2024.
R&D expenses increased by 40%, reaching RMB468 million, driven by investments in generative AI development.
Kanzhun , also known as BOSS Zhipin (Nasdaq: BZ; HKEX:2076), a leading online recruitment platform in China, announced its annual general meeting (AGM) will be held at 3 p.m. Beijing time on June 28, 2024 at the GrandyVic Building, Beijing. The AGM will address proposed resolutions outlined in the AGM Notice. The board of directors endorses these resolutions and recommends shareholders vote in favor. Shareholders of record as of May 23, 2024, are eligible to vote. Citibank, N.A., will facilitate voting for ADS holders. The company also filed its annual report on Form 20-F, including audited financial statements for the year ending December 31, 2023, available on its website and the SEC's website.
KANZHUN ("BOSS Zhipin" or the "Company") (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, announced the resignation of Ms. Shangyu Gao as an independent non-executive director, effective May 21, 2024. Ms. Gao resigned to focus on her other business commitments.
Additionally, Ms. Mengyuan Dong, a financing and investment expert with over 12 years of experience, has been appointed as an independent non-executive director and the chairman of the audit committee, among other roles. Ms. Dong has held notable positions, including director at Huaxing Growth Capital and China Renaissance Holdings. She holds a Bachelor of Arts degree from Fudan University. The Company expressed gratitude to Ms. Gao for her service and welcomed Ms. Dong, highlighting her expertise as a valuable asset for the Company's development.
KANZHUN (Nasdaq: BZ; HKEX: 2076), a prominent online recruitment platform in China, announced its first-quarter 2024 financial results. Revenues reached RMB1,703.8 million (US$236.0 million), marking a 33.4% increase year-over-year. Calculated cash billings rose by 24.3% to RMB2,050.7 million (US$284.0 million). The company reported a significant rise in average monthly active users, reaching 46.6 million, a 17.4% increase. Additionally, the total paid enterprise customers grew by 42.5% to 5.7 million. Net income surged to RMB241.7 million (US$33.5 million), with an adjusted net income of RMB530.7 million (US$73.5 million), up by 116.6%. The company also announced a new share repurchase program of up to US$200 million. The revenue forecast for Q2 2024 is between RMB1.91 billion and RMB1.96 billion, reflecting a year-on-year increase of 28.4% to 31.7%.
KANZHUN , a leading online recruitment platform in China, will report its first-quarter 2024 results on May 21, 2024. The Company will host a conference call to discuss the results. Participants can pre-register to gain immediate access to the call. A live and archived webcast will be available on the Company's investor relations website.
KANZHUN , a leading online recruitment platform in China, released its 2023 Environmental, Social and Governance report showcasing its commitment to ESG goals. The report emphasizes the company's achievements in corporate governance, employee development, green practices, and community care. Investors can access the full report on the company's investor relations website.
