BOSS Zhipin Repurchases Over $200M YTD, Executing Half of $400M Buyback Program
BZ is trading near its 52-week low of $12.85 (3.4% above the low).
Summary
Kanzhun Ltd (BOSS Zhipin) has repurchased over RMB1.48 billion (approximately US$204 million) of its shares year-to-date in 2026, including RMB27.0 million on May 26. This rapid execution means over half of the US$400 million share repurchase program, extended through August 2027, has already been completed. The company has consistently updated on this program, with the last significant update on May 20 reporting $203 million in buybacks. This aggressive buyback pace, especially with the stock trading near its 52-week low, signals strong management confidence and commitment to shareholder returns, reinforced by a prior commitment to allocate at least 50% of adjusted net income to buybacks and dividends.
At the time of this announcement, BZ was trading at $13.29 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.7B. The 52-week trading range was $12.85 to $25.26. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.