Added to YB: 2026-04-17
Pitch date: 2026-04-15
ZH [bullish]
Zhihu Inc.
+4.04%
current return
Author Info
No bio for this author
Company Info
Zhihu Inc. operates an online content community in the People’s Republic of China. The company also offers technology, business support, and consulting services; information transmission, software, and information technology services; and information and marketing services.
Market Cap
$1.9B
Pitch Price
$8.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
6.88
P/E
-9.61
EV/Sales
-0.79
Sector
Interactive Media and Services
Category
value
Zhihu (ZH) – China’s Reddit Meets Perplexity, Trading at a Negative Enterprise Value
ZH: China's Q&A platform (81M MAUs, 41 min/day engagement) w/ profitable membership biz (RMB 1.54B, 56% rev) + AI search 'Zhida' using DeepSeek-R1. FY25 rev RMB 2.75B (-24% YoY) but 1st full-yr non-GAAP profit RMB 37.9M via 19% opex cut. Holds RMB 4.45B cash ($637M) vs $310M mkt cap = negative $320M EV. Active buybacks retired 6.3% shares. Zhida 15% penetration, 4x YoY. Risks: China geopolitics, 3yr rev decline, competition, subscriber drop 14.1M→12.2M
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