Key facts
- Kanzhun repurchased 879,212 shares.
- The total value of the repurchased shares exceeded RMB40.6 million.
- This action is part of the company's ongoing share repurchase program.
Share repurchases, also known as stock buybacks, are a way for companies to return capital to shareholders. By reducing the number of outstanding shares, buybacks can increase earnings per share and signal management's confidence in the company's valuation.