JunRen
2021-07-02
Yay
Cathie Wood bought shares of this recent China IPO every day this week
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The Tencent-backed company operates an online recruitment platform, which connects job seekers and enterprise users through a mobile app called Boss Zhipin.\nKanzhun’s vision is to “redefine every individual’s career development with technology and a passion towards delivering user satisfaction, by optimizing efficiency, equality and choice,” according to the company’s S1 prospectus filed with the SEC.\nKanzhun means “aim right” in Chinese.\nWood has made a name for herself by investing in “disruptive innovation” stocks. The firm’s flagship fund, Ark Innovation, has seen nearly $16 billion flood the fund in the past year, according to FactSet. Wood often touts companies that use disruptive technology that will change the way the world works.\nSince its market debut, shares of Kanzhun are down marginally. 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