Kanzhun Limited
 | |
| BOSS Zhipin | |
Native name | 看准科技有限公司 |
| Company type | Public |
| Nasdaq: BZ SEHK: 2076 | |
| Industry | Professional services |
| Founded | January 16, 2014 |
| Founders |
|
| Headquarters | Beijing, China |
Key people | Peng Zhao (chairman & CEO) |
| Products | BOSS Zhipin |
| Revenue |  CN¥5.95 billion (2023) |
| CN¥1.10 billion (2023) | |
| Total assets | CN¥17.94 billion (2023) |
| Total equity | CN¥13.43 billion (2023) |
Number of employees | 5,346 (2023) |
| Website | ir |
| Footnotes / references [1] | |
Kanzhun Limited (also referred to as Kanzhun and BOSS Zhipin; Chinese: 看准科技有限公司; pinyin: Kànzhǔn Kējì Yǒuxiàn Gōngsī) is a publicly listed Chinese human resources company that focuses on providing online recruitment services through its mobile app, BOSS Zhipin (Chinese: BOSS直聘; lit. 'Boss direct hire').
Background
[edit]Kanzhun was founded originally as a company review website. It later launched the mobile app, BOSS Zhipin which focused on the recruitment industry. This attracted notable investors such as Lei Jun, Neil Shen and Tencent that provided funding to the company.[2][3]
The company grew quickly to become the largest online recruitment platform in China. By 2021, it had 100 million users and over 6 million partnering companies.[2] The Boss Zhipin app made use of artificial intelligence to power its recommendation algorithm that would help match users’ work experience and qualifications with job listings. It also allowed direct connections between job seekers and employers.[4]
In June 2021, Kanzhun held its initial public offering by becoming a listed company on the Nasdaq raising $912 million. On the first day of trading, its shares rose 96%.[3]
In July 2021, the Cyberspace Administration of China (CAC) announced it would be conducting a cybersecurity review of Kanzhun related to its collection and use of personal information. As a result, Kanzhun's new user registration was halted. In June 2022, the CAC completed its review and Kanzhun rectified problems found during it. As a result, Kanzhun was approved to resume new user registration.[5]
In December 2022, Kanzhun became a dual-listed company after it listed its shares on the Hong Kong Stock Exchange.[2][6]
References
[edit]- ^ "2023 Annual Report". Kanzhun. Archived from the original on 12 May 2024. Retrieved 12 May 2024.
- ^ a b c Pui, Fai (21 October 2022). "Newly profitable Kanzhun Steps Aboard Hong Kong's Dual Listing Train". Bamboo Works. Archived from the original on 12 May 2024. Retrieved 12 May 2024.
- ^ a b Hytha, Michael (12 June 2021). "Tencent-Backed Kanzhun Almost Doubles After $912 Million IPO". www.bloomberg.com. Archived from the original on 28 November 2022. Retrieved 12 May 2024.
- ^ Chen, Caiwei (29 September 2023). "The job listing app where you can slide into a recruiter's DMs". Rest of World. Archived from the original on 12 May 2024. Retrieved 12 May 2024.
- ^ Shen, Xinmei (30 June 2022). "Two Chinese tech firms under cybersecurity probes resume user registrations". South China Morning Post. Archived from the original on 12 May 2024. Retrieved 12 May 2024.
- ^ Wong, Echo (22 December 2022). "China's Kanzhun follows U.S. listing by joining Hong Kong bourse". Nikkei Asia. Archived from the original on 12 May 2024. Retrieved 12 May 2024.