36Kr (NASDAQ:KRKR) stock is up on Friday after the Chinese content creation company announced a new partnership with SenseTime (OTCMKTS:SNTMF).SenseTime is an artificial intelligence (AI) company with a focus on Artificial General Intelligence. That includes the ability to bring AI services to content creation and media businesses.With this partnership, 36Kr will make use of SenseTime’s SenseChat and SenseMirage. These will upgrade its content production model while helping to lower the cost of media creati ...

BEIJING, June 21, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ: KRKR), a prominent brand and pioneering platform dedicated to serving New Economy participants in China, today announced that it has entered into a strategic partnership with SenseTime, a leading global artificial intelligence (AI) software company, to embed Artificial General Intelligence ("AGI") technology in diverse media scenarios, unleashing business innovation and commercialization potential. As a media frontr ...

BEIJING, May 24, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today hosted its "AI Partner • Advanced Productivity" Conference in Beijing, exploring AI technology innovation and development trends amid the rapidly evolving AI industry landscape.Focusing on AI empowerment across a wide swath of industries, 36Kr's flagship "AI Partner • Advanced Productivity" Conference welc ...

Revenue and Financial Performance - In 2021, 2022, and 2023, the revenue generated by the VIE accounted for 100%, 99%, and 100% of the total net revenues, respectively[31]. - Revenue from online advertising services accounted for 70.2% of total revenues in 2023, up from 68.7% in 2022 and 67.8% in 2021[59]. - The company generates a significant portion of its revenues from online advertising, and failure to retain customers could materially impact its financial condition[59]. - A significant portion of the company's revenues is derived from a limited number of customers, which may lead to fluctuations in revenue[108]. - The company recorded net cash provided by operating activities of RMB 195.0 million in 2021, net cash used of RMB 5.0 million in 2022, and net cash used of RMB 122.2 million (US$17.2 million) in 2023, indicating a significant decline in cash flow from operations[83]. - The trading price of the ADSs ranged from US$0.5307 to US$1.27 per ADS in 2023, indicating significant volatility[201]. - The trading price and volume of the ADSs may be influenced by various factors, including revenue variations and announcements of new products or acquisitions[203]. - The company has not maintained compliance with the minimum bid price requirement, which could adversely affect market liquidity and trading volume of the ADSs[207]. Regulatory and Compliance Risks - The company faces risks associated with regulatory approvals of offshore offerings and potential changes in PRC laws that could affect its business operations[32]. - The company is subject to evolving PRC regulations, which may impose additional restrictions on its operations and affect its business model[65]. - The company may need to obtain an Internet news information license, which could require introducing a state-owned shareholder to facilitate the application process[68]. - The PRC government has significant oversight over the company's operations, which could result in a material adverse change in operations and the value of its ADSs[130]. - The company faces potential risks if deemed a "critical information infrastructure operator" under PRC cybersecurity laws, which could require a cybersecurity review for overseas listings[133]. - The Overseas Listing Measures effective March 31, 2023, require a filing-based regulatory system for indirect overseas offerings by PRC domestic companies[134]. - The company may face regulatory actions or sanctions from the CSRC if it fails to obtain necessary approvals for future securities offerings overseas[135]. - Substantial uncertainties exist regarding the interpretation and implementation of the Foreign Investment Law of the PRC, which could impact the company's corporate structure and operations[138]. - The enforceability of the contractual agreements with the VIE and its shareholders depends on their willingness to fulfill these agreements, which may not align with the company's interests[127]. - New PRC laws and regulations may impose additional requirements that could adversely affect the company's business operations and financial condition[126]. Operational Challenges and Growth Prospects - The company has a limited operating history as a stand-alone entity, which complicates the evaluation of its business and future growth prospects[42]. - The market for New Economy-focused online advertising services and enterprise value-added services is expected to grow rapidly, but there are significant uncertainties regarding sustained profitability[47]. - The company aims to enhance its brand and user acquisition, but negative publicity could adversely affect its reputation and business[48]. - The company aims to diversify its monetization channels by introducing new services, despite having limited prior experience in some areas[51]. - The company has experienced significant user growth, emphasizing the need for high-quality content to attract and retain users[50]. - The company plans to invest in upgrading existing technology and developing new technologies to enhance its competitive position[50]. - The company relies on third-party professional content providers, and any deterioration in these relationships could adversely affect its content offerings[53]. - Service disruptions and the need to scale technology and infrastructure may hinder the company's ability to retain users and attract new ones[99]. - The company has experienced rapid growth since its incorporation in 2016 and needs to enhance its infrastructure and technology to manage this growth effectively[80]. Financial and Taxation Concerns - The company may need to raise additional capital through equity or debt securities, which could dilute existing shareholders or increase debt service obligations[83]. - The company may face significant penalties under PRC tax laws if it fails to comply with SAT Circular 7 or SAT Circular 37 regarding indirect transfers of taxable assets[196]. - The company may be required to expend resources to comply with tax obligations related to past and future transactions involving PRC taxable assets[196]. - The company is recognized as a "High-New Technology Enterprise," eligible for a 15% preferential tax rate, but this status is subject to annual evaluations[152]. - PRC regulations require subsidiaries to set aside at least 10% of after-tax profits for statutory reserves, limiting the amount available for dividends[165]. - The People's Bank of China has implemented capital control measures that may restrict the ability of PRC subsidiaries to remit foreign currency for dividends and acquisitions[166]. Corporate Governance and Shareholder Rights - The CEO, Dagang Feng, holds approximately 75.4% voting power, allowing him to control significant corporate decisions[227]. - Shareholders of Cayman Islands exempted companies have limited rights to inspect corporate records, which may hinder their ability to establish facts for shareholder motions[218]. - The voting rights of ADS holders are restricted, requiring them to give voting instructions to the depositary rather than voting directly[225]. - The company is incorporated under Cayman Islands law, which has less developed securities laws compared to the United States, potentially affecting shareholder rights[219]. - The minimum notice period for convening a general meeting is fifteen days, which may not provide sufficient time for ADS holders to participate[225]. - The concentration of voting power with Mr. Feng may discourage or delay changes in control, impacting stockholder opportunities for premium sales[227]. - The rights of shareholders under Cayman Islands law are not as clearly established as in some U.S. jurisdictions, complicating legal recourse[219]. Market and Economic Conditions - The global economic slowdown and uncertainties may adversely affect the company's business and financial condition[117]. - Economic conditions in China, including government policies, could materially impact the company's business prospects and financial performance[150]. - The trading price of the company's ADSs is likely to be volatile, which could result in substantial losses to investors[43]. - The company is vulnerable to natural disasters and health pandemics, which could disrupt operations[118].

36Kr Holdings Inc. (NASDAQ:KRKR) Q4 2023 Earnings Conference Call March 28, 2024 8:00 AM ET Company Participants Jianan Ding - Manager of Investor Relations Dagang Feng - Co-Chairman & Chief Executive Officer Lin Wei - Chief Financial Officer Conference Call Participants Shan Jiao - CICC Peipei Qiu - Industrial Securities Operator Hello, ladies and gentlemen. Thank you for standing by for 36Kr Holdings Inc. Fourth Quarter and Fiscal Year 2023 Earnings Conference Call. [Operator Instructions] Today's confere ...

BEIJING, March 28, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company" or "We") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2023. Fourth Quarter 2023 Highlights Number of followers[1] as of December 31, 2023, reached 32.7 million, an increase of 14.2% from 28.7 million as of December 31, 2022. Total revenues increased ...

BEIJING, March 20, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that it will report its fourth quarter and fiscal year 2023 unaudited financial results, on Thursday, March 28, 2024, before the open of U.S. markets. The Company's management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on March 28, 2024 (8:00 p.m. Beijing/Hong Kong Tim ...

BEIJING, March 6, 2024 /PRNewswire/ -- 36Kr Holdings Inc. ("36Kr" or the "Company" or "We") (NASDAQ: KRKR), a prominent brand and a pioneering platform dedicated to serving New Economy participants in China, today announced that Mr. Hao Lan has resigned from the board of directors of the Company (the "Board") due to personal reasons, effective March 6, 2024. Ms. Lin Wei, the Company's chief financial officer, has been appointed as director of the Company to succeed Mr. Hao Lan, effective immediately. The Bo ...

36Kr Holdings Inc. (NASDAQ:KRKR) Q3 2023 Earnings Conference Call December 7, 2023 7:00 AM ET Company Participants Dagang Feng - Co-Chairman & CEO Lin Wei - CFO Conference Call Participants Lingyi Zhao - SWS Research Peipei Qiu - Industrial Securities Operator Hello, ladies and gentlemen. Thank you for standing by for 36Kr Holdings Inc.'s Third Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. After management's remarks, there will be a question-and-answer sess ...

Call Start: 07:00 January 1, 0000 7:51 AM ET 36Kr Holdings Inc. (NASDAQ:KRKR) Q2 2023 Earnings Conference Call August 31, 2023 07:00 ET Company Participants Dagang Feng - Co-Chairman & Chief Executive Officer Lin Wei - Chief Financial Officer Conference Call Participants Jing Chen - CICC Lingyi Zhao - SWS Research Operator Hello, ladies and gentlemen, thank you for standing by for 36Kr Holdings Inc.'s Second Quarter 2023 Earnings Conference Call. [Operator Instructions] After management's remarks, there wil ...