36Kr Holdings Inc. (KRKR): History, Ownership, Mission, How It Works & Makes Money

Ever wondered how China's New Economy participants stay informed and connected? 36Kr Holdings Inc. (KRKR) stands as a pioneering platform, offering an integrated ecosystem of content, media, and business support. But how exactly does 36Kr operate and generate revenue, and what makes it a key player in China's evolving economic landscape? Keep reading to explore its history, ownership structure, mission, and financial performance, including the 10% increase in followers to 35.9 million, and a total revenue of RMB231.1 million (US$31.7M) for the fiscal year 2024.

36Kr Holdings Inc. (KRKR) History

36Kr Holdings Inc. Founding Timeline

Year established

36Kr was established in 2010.

Original location

The company was founded in Beijing, China.

Founding team members

The founding team included Liu Chengcheng, who initially started 36Kr as a tech blog. Other key individuals joined later to help develop it into a comprehensive platform.

Initial capital/funding

Initially, 36Kr started as a blog with minimal capital. As it evolved, it attracted angel investment and venture capital to expand its operations. Specific figures for initial funding are not widely publicized, but subsequent funding rounds have been documented as the company grew.

36Kr Holdings Inc. Evolution Milestones

36Kr Holdings Inc. Transformative Moments

• Transition from Blog to Platform: The shift from a tech blog to a comprehensive platform offering media, financial, and business services marked a significant strategic change.
• Entry into Venture Capital: By creating a platform to connect startups with investors, 36Kr moved beyond media to become an active participant in the venture capital ecosystem.
• NASDAQ IPO: The IPO in 2019 was a transformative moment, providing substantial capital and increasing the company's visibility and credibility.
• Expansion into Enterprise Services: Diversifying into services like co-working spaces and consulting helped 36Kr build a more resilient and diversified business model.

For insights into the company's financial performance, see: Breaking Down 36Kr Holdings Inc. (KRKR) Financial Health: Key Insights for Investors

36Kr Holdings Inc. (KRKR) Ownership Structure

Understanding the ownership structure of 36Kr Holdings Inc. provides insights into the company’s control and strategic direction. The company's ownership is distributed among various shareholders, influencing its governance and decision-making processes.

36Kr Holdings Inc.'s Current Status

36Kr Holdings Inc. is a publicly traded company, listed on the NASDAQ under the ticker symbol KRKR. This status allows the company to raise capital through the issuance of shares to public investors, enhancing its financial flexibility and growth potential.

36Kr Holdings Inc.'s Ownership Breakdown

The ownership of 36Kr Holdings Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. As of the latest available data for the fiscal year 2024, the ownership breakdown is as follows:

36Kr Holdings Inc.'s Leadership

The leadership team of 36Kr Holdings Inc. plays a crucial role in steering the company's strategic direction and operational execution. Key members of the leadership team include:

• CEO: [Name], responsible for the overall strategic direction and performance of the company.
• CFO: [Name], oversees the financial operations, including financial planning, reporting, and risk management.
• CTO: [Name], leads the technology development and innovation efforts within the company.
• Board of Directors: Consisting of [Number] members, the board provides oversight and guidance on major corporate decisions.

These leaders bring a wealth of experience and expertise to 36Kr Holdings Inc., guiding the company through the dynamic landscape of the technology and media industry.

To gain more insights into the investor landscape of 36Kr Holdings Inc., consider exploring this resource: Exploring 36Kr Holdings Inc. (KRKR) Investor Profile: Who’s Buying and Why?

36Kr Holdings Inc. (KRKR) Mission and Values

36Kr Holdings Inc. aims to empower individuals in China with the information and resources necessary to thrive in the new economy, guided by its core values of integrity, innovation, and user-centricity.

36Kr Holdings Inc.'s Core Purpose

Official mission statement

While a specific, formally published mission statement for 36Kr Holdings Inc. is not readily available in my knowledge sources, we can infer their mission from their activities and focus. 36Kr's mission can be understood as:

• To empower participants in China's new economy to achieve more by providing access to information, community and business services.
• To serve China's new economy participants, which include startup founders, investors, and tech and business professionals, by helping them connect and thrive.

Vision statement

Similarly, a specific vision statement is not publicly available. However, based on 36Kr's operations, a likely vision statement would be:

• To be the leading platform in China for empowering and connecting those building and participating in the new economy.
• To create an ecosystem where innovation flourishes, businesses grow, and individuals achieve their full potential in China's evolving economic landscape.

Company slogan/tagline

Information regarding the company's official slogan or tagline is not available in my knowledge sources. For detailed insights into 36Kr Holdings Inc.'s financial well-being, explore: Breaking Down 36Kr Holdings Inc. (KRKR) Financial Health: Key Insights for Investors

36Kr Holdings Inc. (KRKR) How It Works

36Kr Holdings Inc. operates as a prominent technology media and service platform dedicated to serving China’s innovators and entrepreneurs. The company delivers content, community, and services, connecting startups with investors and providing resources for growth.

36Kr Holdings Inc.'s Product/Service Portfolio

36Kr Holdings Inc.'s Operational Framework

36Kr Holdings Inc. operates through a multifaceted approach, integrating content creation, community engagement, and service delivery to foster a vibrant ecosystem for innovators and entrepreneurs in China. The company focuses on:

• Content Production and Distribution: Creating original tech and business news, analysis, and reports, distributed via its website, mobile apps, and social media channels.
• Community Building: Facilitating interactions among startups, investors, and industry experts through online forums, offline events, and exclusive networking opportunities.
• Service Delivery: Providing value-added services such as market research, consulting, and training programs to support the growth and development of startups and enterprises.
• Monetization Strategies: Generating revenue through online advertising, enterprise services, subscriptions, and event sponsorships, leveraging its extensive network and brand reputation.

36Kr Holdings Inc.'s Strategic Advantages

36Kr Holdings Inc. maintains several strategic advantages that bolster its market position and enable it to effectively serve China's innovation and entrepreneurial ecosystem:

• Brand Recognition and Trust: A well-established brand known for delivering high-quality content and services, fostering trust and credibility within the tech and startup communities.
• Extensive Network: A broad network of startups, investors, corporate partners, and industry experts, facilitating connections and collaborations that drive value creation.
• Diversified Revenue Streams: Multiple revenue sources, including advertising, enterprise services, subscriptions, and events, providing financial stability and growth opportunities.
• Deep Market Insights: In-depth understanding of the Chinese tech market, enabling the company to tailor its content and services to meet the evolving needs of its target audience.

To gain more insights into the company's core values, refer to: Mission Statement, Vision, & Core Values of 36Kr Holdings Inc. (KRKR).

36Kr Holdings Inc. (KRKR) How It Makes Money

36Kr Holdings Inc. primarily generates revenue through online advertising, business services (including content subscriptions and customized marketing services), and investment-related services.

36Kr's Revenue Breakdown

As the latest detailed financial reports are only available up to the fiscal year 2023, the following breakdown provides an overview based on the trends and data available until that period. For the most accurate data reflecting the fiscal year 2024, please refer to the company's official filings or announcements.

36Kr's Business Economics

36Kr operates on a multifaceted business model, leveraging its brand and platform to serve various stakeholders in the Chinese technology and business ecosystem. Here are key aspects of its business economics:

• Content is King: High-quality tech and business-related content attracts a large audience, which in turn drives advertising revenue and subscription fees.
• Platform Synergies: By connecting startups, investors, and corporations, 36Kr creates a synergistic environment that fosters business opportunities and revenue streams.
• Customized Services: Offering tailored marketing and consulting services allows 36Kr to capitalize on its expertise and network, generating higher-margin revenue.

36Kr's Financial Performance

Analyzing 36Kr's financial performance involves looking at several key indicators that reflect the company's operational efficiency and market position. Here are some considerations:

• Revenue Growth: Assess the year-over-year growth in each revenue stream to understand where the company is gaining traction.
• Gross Margin: Monitor the gross margin to evaluate the profitability of 36Kr's services and its ability to manage costs effectively.
• Operating Expenses: Keep an eye on operating expenses, including sales and marketing, R&D, and administrative costs, to ensure they are aligned with revenue growth.
• Net Income/Loss: The bottom line indicates overall profitability. Analyzing net income trends helps determine the company's financial health and sustainability.

For an in-depth analysis, consider reading: Breaking Down 36Kr Holdings Inc. (KRKR) Financial Health: Key Insights for Investors

36Kr Holdings Inc. (KRKR) Market Position & Future Outlook

36Kr Holdings Inc. is navigating a dynamic market, striving to solidify its position as a key information provider for China's new economy participants. Its future hinges on capitalizing on emerging opportunities while mitigating inherent risks within the competitive landscape. For more information, see: Mission Statement, Vision, & Core Values of 36Kr Holdings Inc. (KRKR).

Competitive Landscape

Opportunities & Challenges

Industry Position

36Kr Holdings Inc. occupies a niche position within China's competitive information services market. Key aspects of its industry standing include:

• Focus on the New Economy: 36Kr specifically targets startups, tech companies, and investors, differentiating itself from broader news outlets.
• Content Specialization: The company emphasizes in-depth reporting and analysis of trends within the technology and venture capital sectors.
• Ecosystem Development: 36Kr aims to build a comprehensive ecosystem by offering a range of services, including online media, offline events, and value-added services.