Caixin
Nov 30, 2022 08:53 PM
BUSINESS

Job Hunting App Operator’s Earnings Fall Despite End to National Security Probe

Nasdaq-listed Kanzhun, which runs the Chinese recruitment platform Boss Zhipin,  generated about 99% of its revenue, or 1.16 billion yuan, from sales of recruitment services to corporate clients — a 2.7% year-on-year decrease. Photo: VCG
Nasdaq-listed Kanzhun, which runs the Chinese recruitment platform Boss Zhipin, generated about 99% of its revenue, or 1.16 billion yuan, from sales of recruitment services to corporate clients — a 2.7% year-on-year decrease. Photo: VCG

The operator of Chinese recruitment app Boss Zhipin reported drops in third-quarter revenue and profit after restarting new user registrations following a nearly one-year suspension as part of a national security probe.

During the three months through September, Nasdaq-listed Kanzhun Ltd. logged a net profit of 211.7 million yuan ($29.8 million), representing a year-on-year drop of 26%, and saw a 2.7% decline in total quarterly revenue to 1.18 billion yuan, according to the company’s earnings report released on Tuesday.

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