By Josh Beckerman
Zhihu Inc., a Chinese question-and-answer platform, filed for an initial public offering of American depositary shares.
The "content-obsessed" company said in its filing that "we have amassed a large, vibrant, and loyal user base," with an average of 75.7 million monthly active users in the fourth quarter.
Zhihu said that as of Dec. 31, it had 43.1 million cumulative content creators, who had contributed 315.3 million questions and answers.
Zhihu's shareholders include Tencent Holdings Ltd., which has beneficial ownership of 12.3% and voting power of 7.1%.
The company said its "content-centric" monetization includes advertising, paid membership, online education and e-commerce services. The Yan Selection membership program provides unlimited access to its premium content library. Last year, the company's revenue more than doubled to about $207.2 million.
Zhihu intends to apply for New York Stock Exchange listing under the symbol "ZH."
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(END) Dow Jones Newswires