Zhihu Inc., a company specializing in business services, has announced compliance with Rule 3.8 of the Takeovers Code, according to a recent filing with the U.S. Securities and Exchange Commission (SEC).
The filing, submitted on Tuesday, was made under the SEC's Form 6-K, which is utilized by foreign private issuers to report specific information.
The announcement contained in Exhibit 99.1 of the filing did not detail the specifics of the compliance but indicates Zhihu's adherence to the regulatory requirements set forth in the Takeovers Code. Rule 3.8 pertains to the obligations and conduct during takeover bids, ensuring fair treatment of all shareholders.
Zhihu Inc., headquartered in Beijing, operates under the name 07 Trade & Services and is incorporated in the jurisdiction E9.
The filing was signed by Han Wang, Chief Financial Officer of Zhihu Inc., affirming the company's commitment to regulatory compliance.
In other recent news, Zhihu Inc. reported significant improvements in its Q2 2024 financial performance, with a gross margin of 59.6% and a decrease in adjusted net loss by 79.9% year-over-year. T
his strong margin growth was driven by the company's focus on enhancing its community and user experience, including the launch of AI-powered products such as Zhihu Zhida. Despite a decrease in marketing services revenue, robust growth was observed in brand advertising, performance-based advertising, and the paid membership business. In addition, the vocational training segment reported over 50% year-over-year growth in GMV.
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