Chinese App Owner Kanzhun's ADRs Tumble After Profit Miss

Chinese App Owner Kanzhun's ADRs Tumble After Profit Miss

Kanzhun's American depositary receipts plummeted by 21% to $11 following disappointing quarterly earnings. The company reported a profit increase to 417.3 million Chinese yuan, missing analysts' expectations. Adjusted earnings of 11 cents per share were also below forecasts.

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