China’s Answer to LinkedIn Slides in Sign of Labor Market Misery
- Kanzhun missed sales estimate for first time ever last quarter
- Firm’s weak outlook shows a ‘lack of visibility’: Morningstar
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A lackluster jobs market is pressuring shares of China’s top online recruitment firm as the nation’s economic struggles sap demand for workers.
US-traded shares of Kanzhun Ltd. have slumped 45% from a high in May, with a push last week from a report of quarterly revenue that missed analyst estimates for the first time since its trading debut in 2021.