BOSS Zhipin's Share Buybacks Top RMB1.94 Billion YTD, Including RMB30 Million on June 23
BZ is trading near its 52-week low of $12.85 (2.1% above the low).
Summary
Kanzhun Ltd (BOSS Zhipin) has now repurchased nearly RMB1.94 billion (approximately $267 million USD) of its shares year-to-date in 2026, including RMB30 million on June 23. This update follows the company's March 2026 announcement of an upsized $400 million share repurchase program and a commitment to return at least 50% of adjusted net income to shareholders. The aggressive execution of this buyback program, particularly with the stock trading near its 52-week low, signals strong management confidence and a commitment to shareholder value. The company has now utilized a significant portion of its $400 million program.
At the time of this announcement, BZ was trading at $13.12 on NASDAQ in the Technology sector, with a market capitalization of approximately $6.2B. 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.