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Zhihu ( (ZH) ) has issued an update.
On January 12, 2026, Zhihu Inc. filed a Form 6-K with the U.S. Securities and Exchange Commission summarizing several Hong Kong regulatory disclosures related to its share capital movements and repurchase activities in early January 2026. The filings show that while the total number of issued shares remained unchanged at 254,416,106 Class A ordinary shares (and 269,862,884 total shares including Class B) between January 2 and January 5, 2026, the company continued to execute its share repurchase program on the New York Stock Exchange. Specifically, Zhihu repurchased 33,000 ADSs (equivalent to 99,000 Class A ordinary shares) on January 5, 2026 U.S. time, at a volume‑weighted average price of about US$3.40 per ADS (approximately US$1.13 per underlying share), following a similar 99,000‑share repurchase on January 2, 2026, with all such shares designated for cancellation. As of January 5, 2026, a total of 198,000 shares had been repurchased under the June 25, 2025 mandate, representing around 0.075% of the share base at the mandate date, and the company is subject to a moratorium on issuing new shares or transferring treasury shares until February 4, 2026, signaling an active capital management strategy that modestly tightens share supply and may support shareholder value.
The most recent analyst rating on (ZH) stock is a Hold with a $4.00 price target. To see the full list of analyst forecasts on Zhihu stock, see the ZH Stock Forecast page.
Spark’s Take on ZH Stock
According to Spark, TipRanks’ AI Analyst, ZH is a Neutral.
Zhihu’s overall stock score reflects significant financial and technical challenges. Persistent profitability issues and bearish technical indicators weigh heavily on the score. While there are positive developments in AI integration and membership growth, these are offset by revenue declines and increased losses, resulting in a cautious outlook.
To see Spark’s full report on ZH stock, click here.
More about Zhihu
Zhihu Inc. is a China-based online content and social networking platform operator, best known for its Q&A community and related knowledge-sharing services. Listed in both New York and Hong Kong, the company issues American depositary shares (ADSs), each representing Class A ordinary shares, and targets users and advertisers in China’s rapidly evolving internet and digital content market.
Average Trading Volume: 234,631
Technical Sentiment Signal: Sell
Current Market Cap: $301.9M
Find detailed analytics on ZH stock on TipRanks’ Stock Analysis page.

