BRIEF: Zhihu’s active users plunge by one-fifth as loss narrows
2390.HK
ZH.US
Online Q&A platform Zhihu Inc. (2390.HK; ZH.US), often called the “Quora of China,” announced its loss in the first half of this year narrowed to 246 million yuan ($34.4 million) from 458 million yuan a year earlier. Its revenue fell by 7.1% year-on-year to 1.9 billion yuan.
The company’s average monthly active users fell 20% to 84.8 million year-on-year. But its number of average monthly subscribing members rose 1.9% to 14.7 million.
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