Kanzhun: Long-Term Growth Remains Intact

MoMo Productions/DigitalVision via Getty Images Investment overview I wrote about Kanzhun Limited (NASDAQ:BZ) previously (July) with a buy rating, as I expect the business to continue growing strongly by disrupting the industry and riding on its flywheel effect. Despite the sharp sell-off in share price, I believe the stock remains cheap as the long-term growth potential is not impaired. 2Q24 earnings Total revenue grew 29% y/y to RMB1.92 billion, with cash billings growing by 20% y/y to RMB 1.95 billion. A ...