Zhihu announced a maximum repurchase of $54.8 million of stocks: $3.5 per ADS.

Zhihu (NYSE: ZH; HKEX: 2390) announced today that the company has launched an all-cash tender offer, planning to offer HK$9.11 per share of Class A ordinary shares (equivalent to US$3.50 per American Depositary Share (ADS)), to repurchase up to 46,921,448 shares of the company's Class A ordinary shares (including in the form of ADS). Assuming the final repurchase size reaches the maximum limit, the total purchase price that Zhihu should pay after the tender offer is approximately HK$427.5 million or US$54.8 million, excluding related transaction costs, expenses, and costs. The tender offer consists of both "U.S. offer" and "non-U.S.

新浪科技Sep 9 06:26 ET

Zhihu Announces $54.8M Buyback of Class A Shares and ADSs

BenzingaSep 9 05:42 ET

Zhihu Inc. Commences Tender Offers To Buy Back Up To US$54.8 Million Of Its Class A Ordinary Shares And American Depositary Shares >ZH

Dow JonesSep 9 05:39 ET

"Chinese version of Perplexity" is on the fast track, with a 345% increase in August visits according to a direct answer on Zhihu.

On September 6, the latest data released by the globally renowned website ranking and competitive data analysis platform SimilarWeb showed that the direct access volume of Zhihu in August was 1.67 million, a 345% increase from the 0.375 million in July, maintaining a high-speed growth. Previously, Zhihu's direct access growth rate in July ranked fifth globally and first domestically in terms of products. In addition, in the globally AI product weekly rankings produced by Xinzhi, Zhihu's direct answers also entered the list, with significant improvements in weekly visit and mention data compared to before. Zhihu's direct answers is a product that Zhihu delivered in the AI search track at the end of June this year.

Gelonghui FinanceSep 6 05:24 ET

Zhihu Inc. Sets EGM Record Date

TipRanksSep 5 06:10 ET

The internet giants have broken down the walls! The three giants have deepened their interconnection on the same day.

Since 2021, the trend of "internet plus-related" has become a trend in the internet industry, and with the peak of traffic dividends, big companies continue to seek incremental growth, so following the trend of "internet plus-related" is an inevitable choice. Taobao introducing WeChat Pay, Meituan Takeout and hotels opening Alipay mini-programs can be seen as important milestone events in payment integration.

cls.cnSep 4 08:05 ET