Zhihu Inc. filed a Form 6-K submitting Next Day Disclosure Returns for September 9 and 10, 2026, detailing share repurchases on the New York Stock Exchange. On September 8, 2026, the company repurchased 3,500 ADSs at approximately $2.66 per ADS (USD $0.89 per underlying ordinary share). On September 9, 2026, it repurchased 43,085 ADSs at approximately $2.77 per ADS (USD $0.92 per underlying ordinary share). These transactions were executed under a mandate authorized on June 30, 2026, allowing the repurchase of up to 10% of issued shares. Zhihu Inc. operates in the technology industry as an online knowledge-sharing community.

Zhihu Inc. announced a proposed RMB1.5 billion cash subscription for a limited partnership interest in the Tianjin Lisi Xingshen Equity Investment Partnership, an AI-focused fund targeting early-to-mid-stage unlisted enterprises in mainland China. The transaction constitutes a major transaction under Hong Kong listing rules and requires shareholder approval at an extraordinary general meeting with a record date of September 21, 2026. Zhihu expects its interest to be no more than 30% and will not participate in day-to-day management. This strategic investment aims to leverage the fund manager's expertise to access high-quality AI opportunities and deepen understanding of emerging technologies while maintaining focus on its core online content community operations.

Zhihu Inc. reported unaudited financial results for the second quarter ended June 30, 2026. Total revenues decreased to RMB690.1 million (US$101.7 million) from RMB716.9 million in the prior year period. The company posted a net loss of RMB37.4 million (US$5.5 million), compared to a net income of RMB72.5 million in Q2 2025. Adjusted net loss was RMB10.3 million, versus an adjusted net income of RMB91.3 million previously. Gross margin contracted to 57.0% from 62.5%. Average monthly subscribing members stood at 13.1 million. The company repurchased 6.5 million Class A ordinary shares for US$7.2 million during the quarter, bringing total repurchases under existing programs to US$77.9 million. Zhihu Inc. operates as a leading online content community and Q&A platform in China.