In H1 2025, the company improved gross margins to 54.4% (up 10 percentage points) and reduced operating expenses by 52.3% through strategic cost management. Supported by comprehensive database and strong data analytics capabilities, 36Kr is positioned to capture high-growth potential in China's New Economy. The company leverages data analytics and AI-enabled tools in content and enterprise services.
Cyborg Score Rationale
While H1 2025 revenues declined to $13.0M (from $13.6M in H1 2024), the company achieved significant profitability improvements with net loss narrowing 95% to RMB4.8M. The stock trades at $2.74 (as of June 30, 2026), reflecting challenging market conditions in China. The company shows operational resilience but faces macro headwinds and revenue pressure.
Top Insights
Follower base grew 9.9% year-over-year to 36.6 million (H1 2025), showing consistent audience engagement.
36Kr hosted its 2025 AI Partner Conference (April 18, 2026) featuring speakers from AMD, Baidu, Qualcomm focused on AI super applications.
Revenue declined due to macro pressures, but AI-driven content and commercialization efforts drove growth in key segments.
The company maintained a stable financial position with cash and short-term investments of RMB75.1 million (as of June 30, 2025).
Named Competitors
Leiphone — China tech news and innovation content platform
IT Home — China technology news and IT content platform
TechWeb — China tech news, innovation, and startup ecosystem platform
虎嗅 (Huxiu) — China business and technology content platform for entrepreneurs
钛媒体 (Titanium Media) — China tech and innovation media platform
Recent Developments
(April 23, 2026) 36Kr filed its Annual Report on Form 20-F for fiscal year ended December 31, 2025 with the SEC.
(April 18, 2026) 36Kr hosted its 2025 AI Partner Conference and announced 2025 AI-Native Application Innovation Cases and AI Partner Innovation Awards.
(H1 2025) Gross margin increased by 10 percentage points to 54.4% and net loss narrowed by 95% to RMB4.8 million.
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