Zhihu, a China-based Q&A website, fell 11% on its first day on the US trading market on Friday, immediately after its launch. Zhihu raises $522.5 million in IPO services. In the fourth quarter of 2020, Zhihu has more than 75.7 million MAUs.
In the US market, Fioretti has up to 33% of the market share, while Zhihu has just 11%, but the significant capital of $522.5 million IPO is controlled by internet giants Alibaba, JD.com, and Tencent.
chinabased qa q4 yoyfiorettibloomberg zhihu friday
