FAST NEWS: Job Specialist Kanzhun’s Revenue Doubles as Paying Corporates Soars

The latest: Online jobs specialist Kanzhun Ltd.(BZ.US), best known in China for its Boss Zhipin service, announced its revenue grew by 105.4% year-on-year in the third quarter to 1.2 billion yuan ($189 million), while its net profit rose by 7.5 times to 286 million yuan. Looking up: Revenue from Kanzhun’s core online recruitment services doubled year-on-year to 1.197 billion yuan as paying corporate customers increased by 110.5% to 4 million. Its much smaller paid value-added services for job seekers also increased 2.1 times to 14.6 million yuan. Take Note: The company previously…

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Dada’s Record ‘Single’s Day’ Performance Fails to Hide Yawning Losses

Company reported its loss widened to 543 million yuan in the third quarter, following record sales and deliveries on China’s top shopping festival earlier in November Key Takeaways: Dada’s net loss widened to 543 million yuan in the third quarter from 434 million yuan a year earlier The company’s autonomous delivery operation system participated in China’s ‘Double Eleven’ shopping fest for first time on Nov. 11   By James Dyson As the U.S. heads into the original “Black Friday” on the day after Thanksgiving, short-distance delivery specialist Dada Nexus Ltd.…

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A Hidden Opportunity: Why it Pays to Prepare your Reputation and Risk Strategy before you IPO

By Anna Whitlam Think of IPO-ing your company like getting married to your new investors. You must first attract the right partners and get them engaged. Then there’s the frantic preparation, the thrill of the big day, the honeymoon phase and then, hopefully, a long and prosperous partnership. But, just as marriages can go awry, so too can IPOs, and one of the most common reasons for both is a breakdown in trust. According to a 2020 research paper published by SenateSHJ, major Australian listed companies which experience a reputation…

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