36Kr Holdings Inc. American Depositary Shares - KRKR STOCK NEWS

36Kr Holdings Inc. (Nasdaq: KRKR) has launched 36Kr European Central Station (https://eu.36kr.com/), expanding its global reach. The platform offers news on Chinese startups and original content, providing timely information to overseas stakeholders. 36Kr Europe supports browsing in English, German, and Chinese, with plans to add more languages.

The company leverages AIGC technology to enhance productivity and reduce content creation costs. This includes text-to-image functionality, efficient text translation, and information collation. 36Kr has already established a presence in Japan and Southeast Asia, and aims to further expand its international network.

CEO Dagang Feng emphasized the company's commitment to intensifying international efforts and utilizing AI applications for efficient information dissemination. 36Kr aims to offer comprehensive products and services for global expansion to governments and businesses.

36Kr Holdings Inc. (NASDAQ: KRKR) reported unaudited financial results for the first half of 2024. Key highlights include:

- Total revenues were RMB102.4 million (US$14.1 million), down from RMB139.9 million in H1 2023.
- Online advertising services revenues decreased to RMB80.4 million (US$11.1 million).
- Number of followers increased 9.2% year-over-year to 33.3 million.
- Net loss widened to RMB95.9 million (US$13.2 million).
- Operating expenses decreased by 10% year-over-year to RMB117.0 million (US$16.1 million).

The company faced challenges due to the macroeconomic environment but saw improvements in ARPU for online advertising and institutional subscription services. 36Kr remains focused on content creation, AI opportunities, and cost optimization.

36Kr Holdings Inc. (NASDAQ: KRKR), a leading platform for New Economy participants in China, has announced it will release its 2024 first half unaudited financial results on Tuesday, September 3, 2024, before U.S. markets open. The company will host an earnings conference call at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing/Hong Kong Time) on the same day.

Participants can join the call by phone through a pre-registration link or access a live and archived webcast on the company's investor relations website. A replay of the conference call will be available for one week. 36Kr Holdings Inc. offers content, online advertising, enterprise value-added services, and subscription services to New Economy companies and traditional companies seeking to upgrade.

36Kr Holdings Inc. (NASDAQ: KRKR), a leading platform for New Economy participants in China, has announced significant changes to its management and Board of Directors. Ms. Lin Wei has resigned as Chief Financial Officer and Board member, effective August 9, 2024. Mr. Xiang Li has been appointed as the new CFO and director, effective immediately.

Mr. Li, who joined 36Kr in 2016, brings nearly two decades of financial experience from roles at Samsung, CNH Australia, Sony Ericsson, and Smith & Nephew. He holds a Bachelor's degree in Accounting from Nankai University and a Master's degree in Finance from Macquarie University, and is a licensed CPA in Australia.

CEO Dagang Feng expressed gratitude for Ms. Wei's contributions and confidence in Mr. Li's capabilities to drive the company's next growth phase.

36Kr Holdings Inc. (Nasdaq: KRKR) has announced a strategic partnership with Zhi-Tech Group (SZ: 300785) to expand its business and commercialization initiatives in the consumer sector. The collaboration aims to leverage 36Kr's extensive user base and experience in serving New Economy enterprises with Zhi-Tech's expertise in e-commerce and various consumer sectors.

Key aspects of the partnership include:

• Joint original content creation
• Collaborative marketing services
• Product innovation
• Integration of AI technologies

Both companies expect this partnership to extend their customer reach, enhance market influence, and create a more competitive ecosystem fostering experimental products and improved services.

36Kr Holdings (NASDAQ: KRKR) has announced a strategic partnership with SenseTime to integrate Artificial General Intelligence (AGI) technologies into various media scenarios. This collaboration will utilize SenseTime's advanced AI tools, such as SenseChat and SenseMirage, to enhance 36Kr's content production efficiency and reduce costs. Additionally, the partnership will explore the use of SenseTime's SenseNova 5.0 Large Model Series to launch new AI-driven media products like AI Media Coverage and AI Financial Report Interpretation. The initiative aims to broaden 36Kr's enterprise customer base and commercialization capabilities. Both companies will also explore digital avatar technology for AI marketing solutions.

On May 24, 2024, 36Kr Holdings (NASDAQ: KRKR) hosted its 'AI Partner • Advanced Productivity' Conference in Beijing. The event focused on AI innovation and trends, gathering industry giants like Alibaba, Baidu, Lenovo, Intel, and AMD. Key discussions centered on AI's role in various sectors, including finance, education, healthcare, and agriculture. 36Kr also introduced its '2024 AI Application Benchmark Cases,' showcasing exemplary AI uses in different industries. These efforts aim to enhance 36Kr's influence in the AI sector and drive growth in China's New Economy.

36Kr Holdings Inc. has filed its 2023 Annual Report on Form 20-F, showcasing its financial performance and outlook for the fiscal year ended December 31, 2023. The report is available on the Company's investor relations website and the SEC's website. Shareholders and ADS holders can request a hard copy of the annual report for free. The filing demonstrates the company's commitment to transparency and regulatory compliance.

36Kr Holdings Inc. reports solid financial results for the fourth quarter and fiscal year 2023, with total revenues increasing by 5.5% and 7.0%, respectively. The company's gross profit margin improved, and the number of followers grew by 14%. Despite challenges, the company aims to leverage AI technology for future growth.