Kanzhun Limited
{{Short description|Chinese recruitment company}}
{{Use dmy dates|date=May 2024}}
{{Infobox company
| name = Kanzhun Limited
| trading_name = BOSS Zhipin
| native_name = 看准科技有限公司
| logo = BOSS Zhipin.png
| image =
| image_caption =
| type = Public
| traded_as = {{NASDAQ|BZ}}
{{HKEX|2076}}
| foundation = {{start date and age|2014|1|16}}
| industry = Professional services
| location = Beijing, China
| founders = {{UBL|Peng Zhao}}
| key_people = Peng Zhao (chairman & CEO)
| products = BOSS Zhipin
| revenue = {{Increase}} {{CNY|link=yes|5.95 billion}} (2023)
| net_income = {{Increase}} {{CNY|link=yes|1.10 billion}} (2023)
| assets = {{Increase}} {{CNY|link=yes|17.94 billion}} (2023)
| equity = {{Increase}} {{CNY|link=yes|13.43 billion}} (2023)
| num_employees = 5,346 (2023)|
| homepage = {{URL|ir.zhipin.com}}
}}
Kanzhun Limited (also referred to as Kanzhun and BOSS Zhipin; {{Zh|c=|p=Kànzhǔn Kējì Yǒuxiàn Gōngsī|s=看准科技有限公司}}) is a publicly listed Chinese human resources company that focuses on providing online recruitment services through its mobile app, BOSS Zhipin ({{Lang-zh|s=BOSS直聘|l=Boss direct hire}}).
Background
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.{{Cite web |last=Pui |first=Fai |date=21 October 2022 |title=Newly profitable Kanzhun Steps Aboard Hong Kong's Dual Listing Train |url=https://thebambooworks.com/newly-profitable-kanzhun-steps-aboard-hong-kongs-dual-listing-train/ |access-date=12 May 2024 |website=Bamboo Works |language=en-GB |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512065837/https://thebambooworks.com/newly-profitable-kanzhun-steps-aboard-hong-kongs-dual-listing-train/ |url-status=live }}{{Cite web |last=Hytha |first=Michael |date=12 June 2021 |title=Tencent-Backed Kanzhun Almost Doubles After $912 Million IPO |url=https://www.bloomberg.com/news/articles/2021-06-11/kanzhun-soars-in-debut-after-top-of-range-912-million-u-s-ipo |access-date=12 May 2024 |website=www.bloomberg.com |archive-date=28 November 2022 |archive-url=https://web.archive.org/web/20221128064825/https://www.bloomberg.com/news/articles/2021-06-11/kanzhun-soars-in-debut-after-top-of-range-912-million-u-s-ipo |url-status=live }}
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. 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.{{Cite web |last=Chen |first=Caiwei |date=29 September 2023 |title=The job listing app where you can slide into a recruiter's DMs |url=https://restofworld.org/2023/china-job-finding-app/ |access-date=12 May 2024 |website=Rest of World |language=en-US |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512072153/https://restofworld.org/2023/china-job-finding-app/ |url-status=live }}
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%.
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.{{Cite web |last=Shen |first=Xinmei |date=30 June 2022 |title=Two Chinese tech firms under cybersecurity probes resume user registrations |url=https://www.scmp.com/tech/policy/article/3183651/us-listed-full-truck-alliance-and-kanzhun-resume-user-registrations |access-date=12 May 2024 |website=South China Morning Post |language=en |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512072153/https://www.scmp.com/tech/policy/article/3183651/us-listed-full-truck-alliance-and-kanzhun-resume-user-registrations |url-status=live }}
In December 2022, Kanzhun became a dual-listed company after it listed its shares on the Hong Kong Stock Exchange.{{Cite web |last=Wong |first=Echo |date=22 December 2022 |title=China's Kanzhun follows U.S. listing by joining Hong Kong bourse |url=https://asia.nikkei.com/Business/Markets/China-s-Kanzhun-follows-U.S.-listing-by-joining-Hong-Kong-bourse |access-date=12 May 2024 |website=Nikkei Asia |language=en-GB |archive-date=12 May 2024 |archive-url=https://web.archive.org/web/20240512072153/https://asia.nikkei.com/Business/Markets/China-s-Kanzhun-follows-U.S.-listing-by-joining-Hong-Kong-bourse |url-status=live }}
References
{{Reflist}}
External links
- {{Official website|http://ir.zhipin.com}}
{{Labour Hire}}
{{DJSI World}}
Category:2014 establishments in China
Category:2021 initial public offerings
Category:Companies based in Beijing
Category:Companies listed on the Nasdaq
Category:Companies listed on the Hong Kong Stock Exchange