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.
By Lau Chi HangTo subscribe to Bamboo Works free weekly newsletter, click here
RELATED ARTICLES
-
Zhihu answers investor doubts with improving margins
ZH.US 2390.HK -
FAST NEWS: Zhihu shares sink to new low even as losses narrow
ZH.US 2390.HK
-
FAST NEWS: Zhihu appoints new CFO
2390.HK ZH.US
-
Autohome’s posts fifth quarterly profit rise, driven by interest income
2518.HK ATHM.US
-
iQiyi beats profit estimates but leaves subscriber numbers a mystery
IQ.US
-
Third time’s the charm: Fangzhou finally finds winning tonic for Hong Kong IPO
6086.HK
