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Overview of 36Kr Holdings Inc.
36Kr Holdings Inc. (NASDAQ: KRKR) is a pioneering platform that serves China’s New Economy through an integrated ecosystem of high-quality content creation, media services, and business support offerings. As a company rooted in the internet finance and digital transformation sectors, 36Kr has built a robust model where content generation, online advertising, enterprise value-added services, and subscription offerings converge to address the evolving needs of startups and traditional businesses alike.
Business Segments and Operations
At its core, 36Kr operates through multiple business segments that include:
- Financing & Investment Platform: Leveraging an extensive network of professional investors and a dynamic platform that connects entrepreneurial ventures with capital, the company enhances financing processes and increases efficiency in the capital markets.
- Media and Content Creation: With a mission to supply unparalleled content, the media division publishes in-depth analysis, exclusive reports, and trending news, covering a wide array of industries in China’s new economy. This content not only informs a tremendous audience but builds a trusted digital community.
- Enterprise Business Services: The company offers comprehensive business solutions that include online advertising, subscription services, and tailored enterprise value-added services, thereby providing a full spectrum of tools to aid digital and traditional companies in modernizing their operations.
- Innovation and AI Integration: Through strategic partnerships with leading technology companies, 36Kr integrates advanced artificial intelligence tools to revolutionize content production and distribution. The incorporation of AI-driven solutions enhances operational efficiency, optimizes content workflows, and broadens market reach through innovative product offerings.
Market Position and Industry Relevance
36Kr stands as more than a traditional financial platform. It is a key player in the New Economy landscape, continually adapting to the fast-paced digital environment in China. The utilization of industry-specific technologies such as artificial intelligence not only propels the content creation process but also enhances online advertising and subscription services. With a deep-rooted understanding of market dynamics and a comprehensive database paired with strong data analytics capabilities, the company supports a vibrant and expanding user community. Its operational model, structured around a variable interest entity (VIE), allows it to efficiently manage diverse business lines while maintaining a focus on high-quality content and business innovation.
Content, Technology, and Community Engagement
Emphasizing quality and relevance, the digital platform leverages its extensive media assets to provide detailed and insightful reports on China’s internet finance and technology trends. This has established 36Kr as a prime source for industry news and analysis. The company’s content creation process includes rigorous steps such as creation, editing, screening, and precise distribution, ensuring that every piece meets high standards of quality and authority.
Strategic Partnerships and Innovation
Recent strategic alliances with global technology innovators have enabled 36Kr to integrate advanced AI technologies into its service offerings. By partnering with companies specializing in artificial intelligence and consumer tech, 36Kr has expanded its capability to offer enhanced digital solutions to a broader and more diversified clientele. This deliberate move is designed to boost commercialization efficiency and further solidify the company’s position as a trusted platform in China’s rapidly evolving digital space.
Industry-Specific Terminology and Operational Excellence
The operational excellence of 36Kr is further accentuated by its devoted focus on key industry keywords including "互联网金融", "New Economy", and "digital transformation". This focus enables the company to continuously refine its business processes, ensuring that its offerings remain highly relevant and in tune with market demands. Each business segment is supported by robust analytics and comprehensive data, enabling informed decision-making and optimized service delivery for entrepreneurial ventures and established enterprises alike.
Conclusion
In summary, 36Kr Holdings Inc. offers a unique blend of media, financing, and technology-driven business services that empower New Economy participants in China. Its diverse portfolio, innovative use of technology, and deep expertise in content creation underpin a model that is both resilient and adaptable, catering to the digital age while upholding a commitment to quality and operational efficiency.
AMTD International announced a joint venture, AK73 Capital, partnering with AMTD Digital, 36Kr, Airstar Digital, and Calvin Choi. This venture aims to support China's new economy by providing a comprehensive service platform focusing on strategic consulting, data analytics, and capital market services. With a mission to empower new economy businesses, AK73 Capital leverages resources from its partners to foster innovation and increase business opportunities. The initiative underscores AMTD's commitment to aiding new economy companies in navigating global capital markets.
On March 12, 2021, 36Kr (NASDAQ: KRKR) announced a joint venture, AK73 Capital, with AMTD Group and Airstar Digital, aimed at supporting China's new economy enterprises. The venture will offer a full lifecycle service platform, providing strategic consulting, data analytics, branding management, and capital market services to empower entrepreneurs. Mr. Calvin Choi, Chairman of AMTD, and Mr. Feng Dagang, CEO of 36Kr, highlighted the venture's potential to connect resources and accelerate growth in the new economy sectors.
36Kr Holdings Inc. (NASDAQ: KRKR) announced participation in virtual investor conferences including the Morgan Stanley China New Economy Summit from January 6-8, 2021, and the Needham 23rd Annual Growth Conference from January 11-15, 2021. Management will engage with institutional investors online during these events. 36Kr aims to empower New Economy participants in China through quality content and diverse business services, positioning itself strongly in the growing market of China's New Economy.
36Kr Holdings Inc. (NASDAQ: KRKR) reported its Q3 2020 financial results, achieving a net loss of RMB14.0 million (US$2.1 million) compared to RMB635.6 million in Q3 2019. Total revenues decreased by 5.5% to RMB123.5 million (US$18.2 million) year-over-year, driven by weak online advertising demand due to COVID-19. However, enterprise value-added services revenues grew by 3.8% to RMB66.4 million (US$9.8 million). Average monthly page views soared 45.4% to 566.3 million, marking 10 consecutive quarters of growth.
36Kr Holdings Inc. (NASDAQ: KRKR) will report its third quarter 2020 financial results on November 30, 2020, before U.S. markets open. An earnings conference call is scheduled for 8:00 a.m. ET on the same day. Participants must register online at least 20 minutes prior to the call, which will also be available via live and archived webcast. The company specializes in serving New Economy participants in China, offering high-quality content, business services, and a robust data analytics platform to capitalize on growth opportunities in the sector.
BEIJING, Oct. 27, 2020 – 36Kr Holdings (NASDAQ: KRKR) announced participation in several investor conferences, including the Goldman Sachs Virtual China Conference (Nov 2-3), Citi Virtual China Investor Conference (Nov 4-6), Industrial Securities Investment Strategy Conference (Nov 11-13 in Shanghai), and Barclays Virtual Global TMT Conference (Dec 9-10). Management will meet with institutional investors during these events. 36Kr is focused on serving China’s New Economy through diverse business services and strong data analytics capabilities.
36Kr Holdings Inc. (NASDAQ: KRKR) announced a new collaboration with Youku Tudou Inc. to enhance its content ecosystem in China. This partnership will focus on developing commercial-themed video programs, leveraging 36Kr's content production expertise and Youku's digital media strengths under Alibaba Group. The inaugural video program launched in September 2020, covering industry insights and investment opportunities. The collaboration aims to attract renowned content creators, optimize content offerings, and increase monetization, further expanding 36Kr's role in the New Economy landscape.
36Kr Holdings reported second quarter 2020 financials with total income of 76.7 million RMB (about 10.9 million USD) and 142 million RMB (about 20.1 million USD) for the first half. Gross profit for Q2 was 22.2 million RMB (29% margin, up 20.6% QoQ). The company achieved positive operating cash flow and reported a 43.6% year-over-year growth in monthly page views. Enterprise value-added service revenue stood at 42.6 million RMB (55.6%), with online advertising revenue rising by 48.9% QoQ to 31.3 million RMB.
36Kr Holdings Inc. (NASDAQ: KRKR) reported its second quarter 2020 financial results, showing a net loss of RMB79.5 million (US$11.3 million), significantly improved from a net loss of RMB183.5 million in Q2 2019. Revenues fell 35.3% year-over-year to RMB76.7 million (US$10.9 million), due to the ongoing impact of COVID-19. The company achieved positive operating cash flow for the first time, indicating operational stability. Average monthly page views increased by 43.6% to 499.2 million, highlighting strong traffic generation despite challenges.
36Kr Holdings Inc. (NASDAQ: KRKR) announced its participation in two virtual investor conferences: Citi Hong Kong China TMT Corporate Day on August 26-27, 2020, and Credit Suisse's 8th China Internet C-Level Conference from August 31 to September 2, 2020. The management will engage with institutional investors during these events. Known for empowering participants in China's New Economy, 36Kr provides high-quality content, business services, and data analytics support to address evolving needs in diverse industries.
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