Kanzhun Sees Q3 Sales Down 4.3-5.9%

For the third quarter of 2022, the Company currently expects its total revenues to be between RMB1.14 billion and RMB1.16 billion, representing a year-on-year decrease of 5.9% to 4.3%. This

For the third quarter of 2022, the Company currently expects its total revenues to be between RMB1.14 billion and RMB1.16 billion, representing a year-on-year decrease of 5.9% to 4.3%. This forecast considers the impact of the COVID-19 resurgence in certain cities which adversely affected recruitment needs, as well as reflects the Company’s current views on the market and operational conditions in China, which are subject to change and cannot be predicted with reasonable accuracy as of the date hereof.

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NIO Inc - ADR (NYSE: NIO) shares are trading lower by 3.11% to $9.02 during Tuesday's session. Shares of Chinese companies are trading lower following a decline in China exports. Additionally, comments from China's new Foreign Minister have caused concerns over US-China relations.

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