①美国三大股指全线收涨，道指涨0.52%，标普500指数涨0.53%，纳指涨0.52%； ②热门科技股涨跌不一，特斯拉涨超2%，苹果涨近2%，甲骨文跌超6%，超微电脑、ARM跌超3%，博 通跌超1%； ⑥美油主力合约收涨0.46%，报57.25美元/桶；布伦特原油主力合约涨0.46%，报61.34美元/桶； ⑦纽约尾盘，美元指数涨0.20%报98.56，离岸人民币对美元跌24个基点报7.1269； ⑧伦敦基本金属多数下跌，LME期锡跌2.07%报35030.00美元/吨，LME期镍跌1.03%报15110.00美元/ 吨，LME期锌跌1.03%报2942.50美元/吨，LME期铜跌0.38%报10607.00美元/吨，LME期铝跌0.36%报 2778.50美元/吨，LME期铅涨0.31%报1971.50美元/吨； ⑨美债收益率集体上涨，2年期美债收益率涨4.77个基点报3.466%，3年期美债收益率涨4.96个基点报 3.472%，5年期美债收益率涨5.19个基点报3.595%，10年期美债收益率涨4.00个基点报4.013%，30年期 美债收益率涨2.66个基点报4.607%； ⑩欧债收益率普遍上涨，英国 ...

Core Viewpoint - Zhihu-W (02390) announced the grant of a total of 1.0798 million restricted stock units to several qualified participants under the 2022 share incentive plan, representing approximately 0.4% of the total issued shares (excluding treasury shares) as of the announcement date [1] Summary by Relevant Sections - **Stock Incentive Plan** - The company is granting 1.0798 million restricted stock units under the 2022 share incentive plan [1] - **Impact on Shares** - The granted units correspond to the same number of Class A ordinary shares and represent about 0.4% of the total issued shares as of the announcement date [1]

Core Viewpoint - Zhihu-W (02390) announced the grant of a total of 1.0798 million restricted stock units to several qualified participants under the 2022 share incentive plan, representing approximately 0.4% of the total issued shares (excluding treasury shares) as of the announcement date [1] Summary by Relevant Sections - **Share Incentive Plan** - The company is granting 1.0798 million restricted stock units, equivalent to the same number of Class A ordinary shares [1] - **Conditions for Grant** - The grant is subject to acceptance by the grantees and compliance with the terms of the 2022 share incentive plan, and it will only become effective upon the fulfillment of its conditions [1]

格隆汇10月17日丨知乎-W(02390.HK)公告，于2025年10月17日，公司根据2022年股份激励计划向若干 合资格参与者授出合共108万份受限制股份单位，相当于相同数目的A类普通股及于本公告日期已发行 股份总数的约0.4%。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Zhihu Inc. （於開曼群島註冊成立以不同投票權控制的有限責任公司） （紐交所代號：ZH；聯交所代號：2390） 根據2022年股份激勵計劃授出受限制股份單位 於2025年10月17日，本公司根據2022年股份激勵計劃向若干合資格參與者授出 合共1,079,805份受限制股份單位，惟須待承授人接納以及遵守2022年股份激勵 計劃的條款及在其條件達成後方可作實。 於2025年10月17日，本公司根據2022年股份激勵計劃向若干合資格參與者授出合 共1,079,805份受限制股份單位，相當於相同數目的A類普通股及於本公告日期已 發行股份總數（不包括庫存股份）的約0.4%（按一股一票基準計算）。 授出之詳情 向承授人授出受限制股份單位之詳情如下： 授出日期： 2025年10月17日 承授人： 本集團6名僱員，即根據2022年股份激勵計劃之合資格參 與者 授出受限制股份 單位的總數： 1,079,805份 ...

BEIJING, China, Oct. 17, 2025 (GLOBE NEWSWIRE) -- Zhihu Inc. (“Zhihu” or the “Company”) (NYSE: ZH; HKEX: 2390), a leading online content community in China, debuted its popular Yanyan Story platform at the Frankfurt Book Fair in Germany this week, representing a significant milestone in the international expansion of Chinese short-form online literature. As the world’s largest publishing exhibition and a leading global platform for culture, the Frankfurt Book Fair draws publishers, authors, and readers from ...

Core Insights - The article discusses a recent system outage at Zhihu, which has garnered significant public attention and led to the trending topic "Zhihu crashed" [1] - Zhihu's official response indicates that the issue is due to a bug in the system, which is currently being addressed by engineers, with no specific timeline for resolution provided [1] Financial Performance - For the fiscal year ending December 31, 2024, Zhihu reported total revenue of RMB 3.599 billion, representing a year-over-year decline of 14.5% [1] - The gross margin improved from 54.7% in 2023 to 60.6% in 2024 [1] - The net loss for the year was RMB 169 million, a significant reduction of 79.9% compared to a net loss of RMB 839 million in the previous year [1] - Adjusted net loss was RMB 96.3 million, narrowing by 85.4% from RMB 659 million in the same period last year [1] - In the fourth quarter of 2024, Zhihu achieved a net profit of RMB 86.4 million, contrasting with a net loss of RMB 103.1 million in the fourth quarter of 2023, marking the company's first quarterly profit [1]

10月17日上午，"知乎崩了"毫无预兆地冲上微博热搜，成了不少人当天打开手机的"开屏小意外"。 这次故障影响覆盖全平台，网页端与移动端双双"罢工"。 用户点击问题后，要么页面卡在加载转圈界面，始终刷不出答案；要么直接弹出空白页，连基本的内容 框架都看不到。 更麻烦的是，部分账号还触发了异常退出，得反复输入密码重新登录，才能勉强进行操作。 这波突如其来的故障，反倒让许久没刷过存在感的知乎，重新回到了大众视野。 01 "摸鱼神器" 崩了，网友反应太真实 面对这场"集体断联"，网友的反应堪称"大型人间真实现场"。 有人先怀疑自己，以为是网络出了岔子。 还有人误以为手机欠费，赶紧充了话费，结果发现问题根本不在这。 更"硬核"的用户直接把问题归到手机上，连着重启好几次设备，直到刷到微博热搜才恍然大悟："原来 不是我的问题，是知乎崩了！" 最着急的要数一群"摸鱼党"，堪称这场故障的"最大受害者"。 有学生吐槽："我正上课呢，你崩了我看什么？" 有打工人直言："严重影响我'摸鱼'，正看得开心呢" 有人无奈调侃："崩了一上午，没鱼摸了，你拿什么赔？" 还有人急得反复刷新，忍不住念叨："怎么还没修好？" 更有意思的是，一些久未 ...

Core Viewpoint - The recent outage of Zhihu has brought the platform back into public attention, highlighting its ongoing operational challenges and declining performance metrics [1][4]. Performance Summary - Zhihu reported a total revenue of 1.447 billion RMB for the first half of 2025, a significant decline of 23.7% year-on-year, with all three core business segments experiencing contraction [11]. - The paid membership segment saw its first revenue drop of 7.1%, with the number of monthly subscribers decreasing from 14.7 million to 13.7 million, losing 1 million paid users [12]. - Marketing services revenue plummeted by 37.8% to 420 million RMB, attributed to both a strategic shift towards optimizing low-margin services and a general decline in platform traffic [12]. - The vocational training segment also faced a sharp decline of 43.87%, with revenue falling to 157 million RMB, explained as a result of "strategic optimization adjustments" [13]. Profitability Analysis - Despite the revenue decline, Zhihu achieved a net profit of 62.37 million RMB in the first half of 2025, maintaining Non-GAAP profitability for three consecutive quarters, largely due to significant cost-cutting measures [13]. - Total operating expenses decreased by 30.9%, with sales expenses down 27.72%, R&D expenses down 29.29%, and management expenses down 47.61% [13]. Strategic Concerns - The aggressive cost-cutting strategy raises concerns about the long-term sustainability of profitability, as it may hinder future growth and innovation, particularly in R&D [14]. - The recent resignation of the Chief Technology Officer (CTO) adds to the uncertainty surrounding Zhihu's strategic direction, especially as the company is focusing on AI initiatives [14]. - The timing of the CTO's departure in relation to the platform's technical issues raises questions about the stability of the technical team and the potential impact on infrastructure and service reliability [14].

Core Viewpoint - On October 17, users reported issues with the Zhihu app and website, indicating a system malfunction that led to loading failures [1] Group 1 - Multiple users experienced abnormal behavior on the Zhihu app and web platform, with reports of "loading failed" messages [1] - Zhihu customer service acknowledged the issue, stating that the engineering team is urgently investigating the system anomaly and apologized for the inconvenience [1]