Congratulations to KANZHUN LIMITED on his official listing on NASDAQ, with an opening increase of more than 79% and a market capitalization of more than US $13 billion. The IPO, Fu Tu and Goldman Sachs Group, Morgan Stanley, UBS and other well-known investment banking institutions to act as underwriters to help KANZHUN LIMITED go public smoothly.

During the IPO, KANZHUN LIMITED's subscription was hot, with a total of 17118 people participating in the subscription and winning lots through Fortuo American stocks, with the amount of unleveraged subscription exceeding 150 million US dollars.

KANZHUN LIMITED, which was founded in 2014, is currently the largest online recruitment platform in China, based on the average MAU in 2020, according to Zuoshi. As of March 31, 2021, KANZHUN LIMITED's average MAU reached 24.9 million, an increase of 71.8% compared with the same period last year, making it the fastest growing company among China's top five online recruitment platforms.

KANZHUN LIMITED has a strong shareholder background. According to the prospectus, KANZHUN LIMITED has so far completed 12 rounds of financing, with major institutional investors including Today Capital, Tencent, Banyan Capital, Ceyuan Ventures, Coatue, Goldman Sachs Group, GGV, and Jade Capital.

KANZHUN LIMITED adopts the direct employment mode of "mobile + intelligent matching + direct chat", realizes the intelligent matching of recruitment and job-hunting demand through AI algorithm and big data's insight, and connects job seekers and recruiters efficiently and seamlessly through mobile phone app, which greatly improves the efficiency of user job-hunting and enterprise recruitment. At the same time, the company also adheres to the business philosophy of highly respecting job seekers, and job seekers can selectively hide information from enterprise end users, and only with the approval of job seekers can recruiters access job seekers' contact information and complete resumes.

The pioneering direct employment model and business philosophy enable KANZHUN LIMITED to achieve rapid growth ahead of her peers. According to the prospectus, as of March 31, 2021, KANZHUN LIMITED had accumulated 85.8 million certified job seekers, of which white-collar and gold-collar users, blue-collar users and college student users accounted for 55.0%, 28.8% and 16.2% of KANZHUN LIMITED's user base, respectively. cumulative service certification enterprise end-users, of which paying enterprise users reached 2.89 million, an increase of 120% over the same period last year.

According to the prospectus, KANZHUN LIMITED's revenue in 2020 reached 1.944 billion yuan, an increase of 94.7 percent over the same period last year. After calculation, the cash collection was 2.53 billion yuan, up 89.7 percent over the same period last year. In the first quarter of 2021, the company's revenue was 789 million yuan, an increase of 179.0 percent over the same period last year, and 1.182 billion yuan after calculation, an increase of 281.0 percent over the same period last year. From the revenue data, we can see that KANZHUN LIMITED's profitability has been significantly improved, the growth rate is eye-catching.

Due to the high marketing expenses and R & D investment, KANZHUN LIMITED is still in the loss stage, but with the growth of revenue and the decrease of the proportion of marketing expenses, the loss has been significantly narrowed. In 2019 and 2020, KANZHUN LIMITED's adjusted net loss was 468 million yuan and 285 million yuan respectively; in the first quarter of 2021, KANZHUN LIMITED's adjusted net loss was 128 million yuan, a significant improvement compared with the same period in 2020.

The prospectus also shows that KANZHUN LIMITED's fund-raising will be used to increase investment in scientific and technological infrastructure and research for job recruitment, upgrade technical capabilities related to recruitment services such as artificial intelligence, and increase investment in new products and services. to serve more regions and types of users.

As the head of the Internet brokerage of US stocks and Hong Kong stocks, Futu has become the only choice for enterprises at the head of each track.

According to statistics, 92.86% of the Chinese stocks listed in the United States with a market capitalization of more than 10 billion US dollars in the past three years are customers of Fortune.In the first quarter of 2021, all Chinese stocks that went to the US IPO chose to cooperate with Futu.Including Cloopen Group, Zhihu Inc., Tucson Future, Waterdrop Inc. and so on. Cloopen Group, as the "first share of China SaaS listed in the United States", achieved an excellent subscription of US $1.7 billion in Forto's distribution channel, with 57944 subscribers.

In the Hong Kong stock market, Futu's performance is also far ahead of its peers.Since 2021, star companies such as Baidu, Inc., Kuaishou Technology, Bilibili Inc. and JD Logistics, Inc. in Hong Kong IPO, Futu is the only Internet securities firm to appear on the prospectus. In addition, Fortune has brought more than HK $10 billion in subscription results to more than 20 enterprises.

Why are Futu's corporate services favored by the leading enterprises in the industry? To sum up, the brokerage ability, promotion and operation ability and one-stop ESOP solution of Fortune Hong Kong stocks really provide full-process capital market services for enterprises going to the United States and Hong Kong.

In terms of IPO distribution and IR services, through high-quality brokerage capabilities, Futu has gathered more than 15 million registered users and more than 1.1 million daily active users (DAU).China's leading US and Hong Kong stock trading platform and content community in terms of volume and activity.

From the user profile, more than 96% of the users of Futu have bachelor's degree or above, and 59% of the users in first-tier cities account for 59%, of which the post-80s wealth upstart from TMT and the financial industry account for the vast majority. According to the financial report, by the end of Q1 in 2021, the number of customers with assets exceeded 790000, and the average household output of customers with assets exceeded 75100 US dollars.

Such a user profile means three points.The first is strong purchasing power.These users can be both individual investors of new economy enterprises and consumers of their products or services.The second is high cognition.Better understanding and acceptance of the business model of enterprises in the new economyAnd finally, high influence.This group of people usually have higher potential energy in the company or industry and have more influence in their social sphere. Listed companies borrow IPO time node, in this group of users to do business model, brand image exposure, obviously very "cost-effective".

Under the general trend of investment retailing, these high-quality individual investors gathered by Futu have attracted more than 700 + enterprises, professional financial media, and funds, and settled in Futu Niuniu platform to form an influence of far more than 15 million. Make Futuo Niuniu become the best position for enterprises to transmit enterprise value and business highlights.

FUTU easy E, its enterprise service brand launched in 2019, always has the goal of maximizing the "platform value" of Futu, taking the IPO distribution * of new economy enterprises as a node, while connecting enterprises and C-end investors, to provide new economy enterprises with investor relationship management (IR), PR and one-stop ESOP option management solutions.

Up to now, Fu Tu Yi has served 400 + new economy enterprises, will continue to optimize products and services in the future, and continue to be the long-term companion of new economy enterprises.

* Note: services provided by subsidiaries of Futu