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36Kr Holdings Inc. (NASDAQ: KRKR) is a leading platform and prominent brand dedicated to serving New Economy participants in China. Founded in July 2011, the company is headquartered in Beijing and employs between 300 to 350 people. It operates through its subsidiaries, VIE, and subsidiaries of the VIE. The company focuses on providing high-quality content, online advertising services, enterprise value-added services, and subscription services to address the needs of New Economy companies and the evolving requirements of traditional companies.
Core Business and Products
- Content Creation: 36Kr specializes in creating, editing, screening, monitoring, and distributing valuable content across multiple channels, catering to over 8000 million readers globally.
- Online Advertising Services: The company generates significant revenue by offering online advertising solutions that connect businesses to their target audiences efficiently.
- Enterprise Value-Added Services: 36Kr provides various enterprise services including consulting, marketing, and AI-driven intelligent customer service, to enhance the operational efficacy of businesses.
- Subscription Services: Subscription-based models offer continuous and exclusive industry insights and updates, adding value to New Economy participants.
36Kr's ecosystem is well-supported by its comprehensive database and robust data analytics capabilities, making it a significant player in China's economic landscape. The company is also recognized for its innovative use of AI technology, including the groundbreaking launch of China's first-ever AI e-commerce store, LumiWink.
Latest Achievements and Partnerships
- 36Kr's AI e-commerce store, LumiWink, launched on Alibaba's Taobao platform, achieved peak daily GMV exceeding RMB 10,000 during the 618 e-commerce shopping festival.
- The company has an impressive short-form video business with over 8 million video content followers and 2 million followers on Bilibili.
- In 2023, 36Kr launched its Media Lab in Silicon Valley to leverage large language models (LLM) and AI for content creation and business analysis.
- Entered a strategic partnership with Baidu to broaden AI applications across its media platform and enterprise services.
For more information, please visit the official website.
36Kr Holdings (NASDAQ: KRKR) reported its Q1 2022 financial results, showcasing a 14% year-over-year revenue increase to RMB49.6 million. The company achieved a record net income of RMB32.6 million, marking its highest quarterly earnings since its IPO in November 2019. 36Kr's advertising services generated RMB37.6 million, up 13% YoY, outperforming industry competitors. Additionally, its new Enterprise Service Review platform displayed strong growth metrics, with 900,000 monthly active users, indicating robust potential in the SaaS sector.
36Kr Holdings Inc. (NASDAQ: KRKR) reported its unaudited financial results for Q1 2022, revealing a 13.9% increase in total revenues to RMB49.6 million (US$7.8 million). Online advertising services rose by 13.1% to RMB37.6 million, while enterprise value-added services grew significantly by 35.4% to RMB9.3 million. The company's net income soared to RMB32.6 million (US$5.1 million), a turnaround from a net loss of RMB40.5 million in Q1 2021. As of March 31, 2022, 36Kr had 24.1 million followers, marking a 25.5% year-over-year increase.
36Kr Holdings Inc. (NASDAQ: KRKR) will report its first quarter 2022 unaudited financial results on June 1, 2022, before U.S. market opening. Management will host an earnings call at 8:00 AM U.S. Eastern Time. Participants must register 20 minutes in advance using the provided link. A live and archived webcast will be available on the investor relations website. The Company is dedicated to serving New Economy participants in China, focusing on high-quality content and business services.
36Kr Holdings Inc. (NASDAQ: KRKR) announced an SEC identification under the Holding Foreign Companies Accountable Act (HFCAA) on May 4, 2022, due to its auditor's working papers being uninspectable by the PCAOB. This means that if the SEC identifies the company for three consecutive years, trading would be prohibited. Despite this identification, 36Kr's NASDAQ listing remains unaffected. The company is actively exploring solutions to protect shareholders from potential regulatory risks while complying with laws in both China and the U.S.
36Kr Holdings Inc. (NASDAQ: KRKR) announced the filing of its annual report on Form 20-F with the SEC for the fiscal year ending December 31, 2021, on April 25, 2022. The report includes audited consolidated financial statements, accessible via the Company's investor relations website and the SEC's website. Shareholders can request a free hard copy of the report. 36Kr is focused on servicing China's New Economy participants through content offerings, business services, and strong data analytics capabilities. The Company aims to capture growth opportunities in this evolving market.
36Kr Holdings Inc. (KRKR) announced its acquisition of a 7.273% equity interest in Hangzhou Jialin Information Technology Co., Ltd. for RMB40 million as part of its round B financing. The Company transferred its 100% equity interest in Beijing Dianqier Creative Interactive Media Culture Co., Ltd. in exchange. This transaction is expected to yield approximately RMB36 million in gains in Q1 2022, pending auditor review. 36Kr continues to position itself as a key player in China's New Economy, leveraging content and business services to empower various sectors.
36Kr Holdings Inc. (NASDAQ: KRKR) announced its unaudited financial results for Q4 and fiscal year 2021, revealing total revenues of RMB116.3 million (US$18.2 million) in Q4, a decrease from RMB121.4 million in Q4 2020. Online advertising revenues rose 10.2% to RMB76.4 million. The company's gross profit surged 48.5% to RMB75.6 million, with a gross profit margin of 65.0%. Despite a net income of RMB15.4 million, the fiscal year ended with a net loss of RMB90.6 million vs. RMB279.3 million in 2020. Cash reserves stood at RMB216.1 million, reflecting improved liquidity.
36Kr Holdings Inc. (NASDAQ: KRKR) will release its fourth quarter and fiscal year 2021 unaudited financial results on March 29, 2022, before U.S. market opening. An earnings conference call is scheduled for 8:00 AM ET on the same day. Participants must register in advance to receive dial-in instructions. The call will be accessible via a live and archived webcast on the company's investor relations webpage. 36Kr is known for its content offerings and business services for New Economy participants in China, leveraging strong data analytics to capture growth opportunities.
AMTD Group and its subsidiaries, including AMTD International (NYSE: AMTD) and AMTD Digital (NYSE: HKD), are launching the AMTD SpiderNet World in the Metaverse. This initiative will feature specialized districts such as the Business “IDEA” District, Knowledge District, and Social District, aimed at connecting users with decentralized services, educational programs, and community efforts. The project emphasizes collaboration with various partners, including fintech and entertainment firms. AMTD aims to foster connectivity and innovation in the Metaverse and enhance its market presence across multiple sectors.
36Kr Holdings Inc. (NASDAQ: KRKR) announced reaching over one million followers on its Bilibili account, marking a key milestone for its short-form video content strategy. Launched in August 2020, the video segment has significantly contributed to user growth and commercial success, with total followers surpassing 20 million. The company has engaged with notable brands for customized video campaigns, enhancing its revenue per advertising customer. As CEO Dagang Feng stated, this achievement strengthens 36Kr's position to capitalize on opportunities in China's New Economy market.
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