RTTNews | Jul 6, 2021 10:16AM EDT

10:15 Tuesday, July 6, 2021 (RTTNews.com) - Kanzhun Ltd. (BZ) shares are down more than 10 percent on Tuesday morning trade after the online recruitment platform announced a cybersecurity review by authorities on Monday. The company said subsequent to the review, its BOSS Zhipin app will be suspending new user registration in China.

Kanzhun that connects job seekers and enterprise users said it will conduct a comprehensive examination of cybersecurity risks and continue to enhance its cybersecurity awareness and technology capabilities.

Currently, shares are at $32.53, down 10.41 percent from the previous close of $36.31. For the 52-week period, the shares have traded in a range of $32.31-$44.96 on average volume of 2,965,000.

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