Added to YB: 2026-04-17
Pitch date: 2026-04-15
ZH [bullish]
Zhihu Inc.
-14.27%
current return
Author Info
No bio for this author
Company Info
Zhihu Inc., together with its subsidiaries, operates an online content community in the People’s Republic of China.
Market Cap
$1.7B
Pitch Price
$8.90
Price Target
N/A
Dividend
N/A
EV/EBITDA
7.09
P/E
-9.24
EV/Sales
-0.86
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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