Reported about 1 month ago
As China's economy faces ongoing struggles, the leading online recruitment platform, Kanzhun Ltd., is experiencing a significant decline in share prices, down 45% since May. The company's results have raised concerns about its revenue outlook amidst rising youth unemployment, particularly affecting white-collar job seekers. Despite its strong market position and a commitment to returning capital to investors, analysts caution against immediate investments until the company shows stronger growth in user engagement and enterprise clients.
Source: YAHOO