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Graded A or B and worth $2B or more: A first, then the largest.
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Grade rose recently in Communication Services
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
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How it makes money
- Online recruitment services to enterprise customers99%
Shares of revenue are estimates for year ended December 31, 2025, not figures from a filing.
Competes with
- 6100Liepin (Tongdao Liepin Group)
- Zhaopin
- 51job
What it sells6
BOSS Zhipin
A mobile app where job seekers and employers find one another, review job and candidate information, and chat directly.
Direct recruitment services
Paid services for employers to post jobs, receive candidate recommendations, communicate with job seekers and use recruiting tools.
Resume exposure booster
A paid job-seeker tool intended to increase the visibility of a person's profile to employers.
Show 3 more
Competitive candidate analysis
A paid tool that helps job seekers assess their candidacy.
AI interview training
A tool that helps job seekers practise for interviews.
Nanbeige
KANZHUN's language model, built for hiring tasks such as job and candidate recommendations, communication and interviews.
Who buys it3
- Employers of many sizes, including small businesses and large companies, pay for recruiting services and optional tools.
- Hiring decision-makers, human resources staff, headhunters and other recruiting specialists use the service to find candidates.
- Job seekers use the service to browse jobs, contact employers and apply; basic job-search and communication features are free.
What it stands on, and what could break it
What the business leans on
- 1The business relies on employers continuing to hire and spend money on recruitment services.
- 2The BOSS Zhipin app depends on app stores to reach mobile users.
- 3Recruitment services in mainland China require relevant licenses and must comply with changing rules on online recruitment, data protection, cybersecurity and platform content.
- 4KANZHUN relies on contractual arrangements with a mainland China entity, rather than direct ownership of that entity, to conduct some business activities.
- 5Some AI features use third-party models as well as KANZHUN's own Nanbeige model.
What could go wrong
- 1Changes in Chinese rules or licensing requirements could require changes to the service or affect its ability to operate; the contractual structure used to conduct business in mainland China also creates uncertainty about control of the operating entity.
- 2The service collects and processes personal and employment information. A data breach, misuse of information or failure to comply with privacy and cybersecurity rules could lead to penalties, legal claims and loss of user trust.
- 3If economic conditions reduce employers' hiring needs or budgets, they may buy fewer recruiting services, reducing revenue.
About Kanzhun Ltd
Its BOSS Zhipin app helps employers post jobs, find candidates and chat directly with people looking for work. Employers pay for recruiting services and extra tools; job seekers can search and communicate for free, with some optional paid tools. Artificial intelligence (AI) helps recommend jobs and candidates and supports tools such as interview practice. The service had 60.7 million average monthly active users (2025, high).
- Head office
- Beijing, China
- Founded
- 2013
- Listed on
- Nasdaq Global Select Market
- Financial year ends
- December 31
Built from Kanzhun Ltd’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This company files in CNY. Figures are converted to US dollars at $1.00 = 6.6683 CNY, the current rate, applied to every period alike — so growth and margins are the company’s own and not the exchange rate’s. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
