- Zhihu is China’s largest Q&A-inspired online community and one of the top five online content communities in China, both in terms of average mobile MAUs and revenue.
- The company went public in March 2021 at a price of $9.5/share, and has lost -85% since the IPO.
- Zhihu has diversified revenue potential, including opportunities relating to advertising (1), subscription (2), and ecommerce (3).
- Personally, I see strong potential in the business model and value Zhihu at $4.73 / share, based on a Residual Earnings valuation framework.
- Long-term investors might want to take a chance on this speculative play and accumulate < $2 / share.
For further details see:
Zhihu: Time To Be A Contrarian