Q&A Site Zhihu Burns More Cash to Grow User Base

What’s new: Quora-style question-and-answer site Zhihu Inc.’s net loss widened 145% to 269.8 million yuan ($42 million) in the third quarter from a year ago despite solid revenue growth of 115% to 823.5 million yuan, according to its latest unaudited earnings.

The growth in revenue in the three months ending Sept. 30 was attributed to continued expansion of the platform’s user base and increased average revenue per active user, the New York-listed company said in a press release on Monday. Revenue from paid membership jumped 95.8% to 178.3 million yuan.