Group 1 - US stock indices opened slightly lower, with Dow down 0.13%, S&P 500 down 0.06%, and Nasdaq down 0.04% [1] - Eli Lilly's oral GLP-1 drug orforglipron achieved positive results in Phase 3 clinical trials, leading to plans for a global regulatory submission within the year [4] - South Korea's Korean Air signed a $50 billion procurement agreement with Boeing for 103 new-generation aircraft and engine maintenance services over the next 20 years [5] Group 2 - Beike reported a 11.3% year-on-year increase in revenue for Q2, totaling 26 billion yuan, while NON-GAAP net profit decreased by 32.4% to 1.82 billion yuan [6]

Core Viewpoint - Zhihu's stock price increased by 4.8% on August 19, reaching $5.135 per share, with a total market capitalization of $453 million. However, the company's revenue for the fiscal year ending March 31, 2025, is projected to decline by 24.06% year-on-year to 730 million RMB, while the net profit attributable to shareholders is expected to show a significant increase of 93.88% year-on-year, amounting to a loss of 10.094 million RMB [1]. Group 1 - Zhihu is a leading online content community in China, evolving from a Q&A platform to one of the largest integrated content communities since its launch in 2010 [1][2]. - The company is dual-listed on the New York Stock Exchange (NYSE: ZH) and the Hong Kong Stock Exchange (HKEX: 2390) [1]. - Zhihu is set to release its fiscal year 2025 interim report on August 27, 2023 [1]. Group 2 - The company focuses on expanding its content and services to meet the diverse needs of users, content creators, and business partners, establishing a content-centric business model [2]. - Zhihu aims to create a balanced ecosystem between content creators and users, fostering a positive cycle of content creation and consumption [3]. - The company has developed diverse monetization channels, including marketing services, paid memberships, and vocational training, enhancing user experience and community governance [3].

Group 1 - Nasdaq China Golden Dragon Index opened slightly higher on August 19 [1] - Zhihu increased by over 7%, Century Internet rose by over 2%, and both iQIYI and Xpeng Motors gained over 1% [1] - Xunlei experienced a decline of over 6% [1]

智通财经APP获悉，周二，知乎(ZH.US)涨8%，报5.30美元。消息面上，知乎拟于8月27日举行董事会会 议考虑及批准中期业绩。另外，7月30日，全球知名投资机构富达国际发布的联交所权益披露表格显 示，截至7月25日富达基金大幅增持知乎-W(02390)，持股从今年3月末的457.6万普通股增长至1248.9万 普通股，在知乎全部发行在外A类普通股中的占比，从1.83%增长至5.01%。这也是富达国际自2024年末 以来，第三次增持知乎。 ...

Core Viewpoint - Zhihu (ZH.US) experienced an 8% increase in stock price, reaching $5.30, as it plans to hold a board meeting on August 27 to consider and approve its mid-term performance [1] Group 1: Stock Performance - Zhihu's stock rose by 8% to $5.30 on Tuesday [1] Group 2: Institutional Investment - Fidelity International significantly increased its stake in Zhihu-W (02390), raising its holdings from 4.576 million shares at the end of March to 12.489 million shares by July 25 [1] - Fidelity's ownership in Zhihu's total outstanding Class A ordinary shares increased from 1.83% to 5.01% [1] - This marks the third time Fidelity International has increased its stake in Zhihu since the end of 2024 [1]

Core Viewpoint - Zhihu's stock opened up by 5.31% on August 19, with a total market capitalization of $455 million, despite a year-over-year revenue decline of 24.06% to 730 million RMB as of March 31, 2025, while net profit attributable to shareholders increased by 93.88% to -10.094 million RMB [1][2]. Group 1: Company Overview - Zhihu is a leading online content community in China, evolving from a Q&A platform to one of the largest integrated content communities since its launch in 2010 [2][3]. - The company is dual-listed on the New York Stock Exchange (NYSE: ZH) and the Hong Kong Stock Exchange (HKEX: 2390) [2]. Group 2: Business Model and Strategy - Zhihu focuses on expanding content and services to meet the diverse needs of users, content creators, and business partners, establishing a content-centric business model [2][3]. - The company aims to create a balanced ecosystem between content creators and users, fostering a positive cycle of interaction and knowledge sharing [3]. Group 3: Community and User Engagement - Zhihu emphasizes user experience and community governance, which strengthens its brand and attracts more users and content creators [3]. - The company has developed diversified monetization channels, including marketing services, paid memberships, and vocational training, enhancing its leadership position in the industry [3].

Market Performance - The Hang Seng Index closed down by 0.21% [1] - The Hang Seng Tech Index fell by 0.67% [1] Company Movements - Oriental Selection experienced a significant drop, closing down over 20% after a peak increase of 23% during the day [1] - Biopharmaceutical stocks continued to decline, with Genscript Biotech Corporation (歌礼制药-B) dropping over 15%, Peijia Medical (派格生物医药-B) down over 8%, and Hengrui Medicine (恒瑞医药) falling over 5% [1] - Zhihu saw a notable increase, rising over 23% [1]

知乎-W(02390)盘中涨超16%，截至发稿，涨16.65%，报13.59港元，成交额426.5万港元。 消息面上，知乎-W拟于8月27日举行董事会会议考虑及批准中期业绩。此前，知乎-W发布截至2025年3 月31日止季度业绩，该集团期内取得总收入7.3亿元(人民币，下同)；毛利率由2024年同期的56.6%提高 至61.8%；净亏损1010万元，同比收窄93.9%；每股基本净亏损0.04元。知乎董事长兼行政总裁周源表 示，公司自上市以来首次于第一季度取得非公认会计准则净利润，延续了第四季度的盈利势头。这一成 就体现了公司精细化营运策略的成效，以及人工智能在知乎生态系统中的深度融合。 值得一提的是，7月30日，全球知名投资机构富达国际发布的联交所权益披露表格显示，截至7月25日富 达基金大幅增持知乎-W，持股从今年3月末的457.6万普通股增长至1248.9万普通股，在知乎全部发行在 外A类普通股中的占比，从1.83%增长至5.01%。这也是富达国际自2024年末以来，第三次增持知乎- W。除长线基金连续增持之外，今年以来，中信里昂、花旗集团、中金公司、广发证券等分析师相继调 高知乎评级及目标价，看好其未来 ...

消息面上，知乎-W拟于8月27日举行董事会会议考虑及批准中期业绩。此前，知乎-W发布截至2025年3 月31日止季度业绩，该集团期内取得总收入7.3亿元(人民币，下同)；毛利率由2024年同期的56.6%提高 至61.8%；净亏损1010万元，同比收窄93.9%；每股基本净亏损0.04元。知乎董事长兼行政总裁周源表 示，公司自上市以来首次于第一季度取得非公认会计准则净利润，延续了第四季度的盈利势头。这一成 就体现了公司精细化营运策略的成效，以及人工智能在知乎生态系统中的深度融合。 智通财经APP获悉，知乎-W(02390)盘中涨超16%，截至发稿，涨16.65%，报13.59港元，成交额426.5万 港元。 值得一提的是，7月30日，全球知名投资机构富达国际发布的联交所权益披露表格显示，截至7月25日富 达基金大幅增持知乎-W，持股从今年3月末的457.6万普通股增长至1248.9万普通股，在知乎全部发行在 外A类普通股中的占比，从1.83%增长至5.01%。这也是富达国际自2024年末以来，第三次增持知乎- W。除长线基金连续增持之外，今年以来，中信里昂、花旗集团、中金公司、广发证券等分析师相继调 高知乎评 ...

Market Overview - US stock indices experienced slight fluctuations, with the Nasdaq rising by 0.03%, the S&P 500 down by 0.01%, and the Dow Jones decreasing by 0.08% [1] - Major tech stocks showed mixed results, with Intel dropping over 3%, ending a six-day upward trend, while Tesla rose over 1% [3] Tech Stocks Performance - GoodRx surged over 37%, marking its best single-day performance since September 2020, following a partnership with Novo Nordisk to supply medications in the US [3] - Other tech stocks like Meta, Apple, Microsoft, and Google saw slight declines, while Netflix, NVIDIA, and Amazon experienced minor gains [3] Chinese Stocks Movement - Several popular Chinese stocks saw significant gains, with the Nasdaq Golden Dragon China Index rising by 0.12% [4] - Notable performers included Xunlei, which increased by over 37%, Zhihu and iQIYI both rising over 17%, and Kingsoft Cloud up by over 5% [5] Regulatory Developments - The National Radio and Television Administration of China issued measures to enhance content supply for television, emphasizing content innovation and quality [5] Commodity Market - Gold prices fell, with COMEX gold futures down by 0.12% to $3378.6 per ounce, while silver futures rose by 0.24% to $38.065 per ounce [6]