36Kr Holdings Inc (NASDAQ:KRKR) Announces New CFO, Stock Falls a Bit

Shares of 36Kr Holdings Inc (NASDAQ:KRKR) was down a bit on Tuesday after the company announced the appointment of chief financial officer.

Market Reaction

On Tuesday, KRKR stock fell 1.50% to $1.6450 with more than 46k shares, compared to its average volume of 134k shares. The stock has moved within a range of $1.6200 – 1.6800 after opening the trade at $1.66.

Key Update

Prominent brand and pioneering platform, 36Kr Holdings Inc (NASDAQ:KRKR), on November 9, 2021, announced the appointment of Ms. Lin Wei as chief financial officer.

36Kr Holdings Inc is dedicated to serving New Economy participants in China. Wei joined 36Kr in May 2021 as Vice President of Finance and Capital Markets and managed its financial reporting, financial management, financing activities, and investor relations.

Prior to this, Ms. Wei served as Head of Investor Relations at iQIYI, Inc, NASDAQ listed company, from 2017 to 2020. Wei served in a number of positions at NASDAQ and NYSE-listed companies including The9 Limited, Sohu.com Limited, Link Motion Inc, and Shanda Interactive Entertainment Limited.

Wei received a bachelor’s degree in Economics from the Renmin University of China. Dagang Feng, 36Kr’s co-chairman and chief executive officer, said the company welcomes Lin to the executive team and brings forth extensive financial management and capital markets experience. Feng added that the company is keen on working with Lin for achieving the next stage of growth in the new digital era.

36Kr Holdings Inc had commenced business with high-quality New Economy-focused content offerings. The firm is supported by robust data analytics abilities and a comprehensive database. It has also expanded offerings to business services, including enterprise value-added services, online advertising services, and subscription services for addressing evolving needs of New Economy companies.

Key Quote

“We are pleased to welcome Lin to our executive team,” said Mr. Dagang Feng, 36Kr’s co-chairman and chief executive officer. “Lin brings to us extensive financial management and capital markets experience, and we look forward to working with Lin to achieve our next stage of growth in the new digital era.”

Traders Review

KRKR stock is trading below the 20-Day and 50-Day Moving averages of $1.66 and $1.70 respectively. Moreover, the stock is trading below the 200-Day moving average of $2.61. The stock is down 11% over the past 3-month.

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