CoreView Raises Kanzhun Stake to 24.27% of AUM with $220.7M Purchase

BZBZ

CoreView Capital bought 298,584 shares of Kanzhun, boosting its stake to 9.45 million shares valued at $220.7 million, or 24.27% of its assets under management. Kanzhun posted TTM revenue of $1.09 billion and net income of $304 million through June 2025, with its shares up 51.4% over the past year.

1. CoreView Capital Boosts Position in Kanzhun

A recent SEC filing dated November 13, 2025, shows CoreView Capital Management Ltd acquired an additional 298,584 shares of Kanzhun Limited, raising its total holding to 9,447,889 shares. This purchase increases Kanzhun’s weighting to 24.27% of CoreView’s reportable U.S. equity assets, making it the fund’s largest single position by AUM. The stake is now valued at approximately $220.70 million as of the end of Q3 2025, up from a 21.3% allocation in the prior quarter.

2. Strong Profitability Underscores Earnings Momentum

Kanzhun’s trailing twelve-month revenue reached $1.09 billion through June 30, 2025, while net income totaled $304.08 million over the same period. These figures mark a sustained uptick in profitability, driven by robust demand for the company’s BOSS Zhipin platform. The online recruitment marketplace has demonstrated an ability to convert increased user engagement into higher fee-based revenues from corporate clients, underpinning the company’s shift toward consistent positive free cash flow.

3. Market Leadership in China’s Online Recruitment

As operator of China’s largest digital hiring platform, Kanzhun connects employers of all sizes—from SMEs to large enterprises—with job seekers through a suite of recruitment services. Its monetization model combines base listing fees, premium access subscriptions and value-added services. The platform’s emphasis on rapid response times and high match quality has fueled year-over-year user growth, reinforcing its market share amid a competitive landscape that includes established job boards and emerging AI-driven hiring solutions.

4. Investor Considerations and Outlook

The recent stake increase by CoreView signals confidence in Kanzhun’s long-term growth trajectory even after substantial year-to-date share appreciation. Investors should monitor enterprise spending trends, margin stability and user engagement metrics to assess whether Kanzhun can sustain current profitability levels without reliance on a broader hiring boom. A continuation of clean earnings performance would support a narrative of Kanzhun as a durable platform business rather than a short-cycle recovery play.

Sources

FF