Benzinga | Dec 27, 2021 05:36AM EST

Zhihu Seeks Hong Kong IPO: Report

* Chinese question-and-answer website Zhihu Inc (NYSE:ZH), which went public in the U.S. in March 2021, is considering another initial public offering in Hong Kong, Bloomberg reports.

* Zhihu looks to submit documents for its share offerings in Hong Kong in January.

* Some of Zhihu's significant shareholders, including a Tencent Holdings Ltd (OTC:TCEHY) associate, have pulled out, leaving CEO Zhou Yuan with a 99.3% holding, while CTO Li Dahai owns the remaining stake.

* Zhihu shares have tumbled 44% following its U.S. IPO.

* Earlier this week, Beijing's internet regulator also summoned the website operator to publish and transfer banned information.

* Zhihu vowed to suspend related functions while it rectifies the problem.

* Price Action: ZH shares closed lower by 2.94% at $5.28 on Thursday.