Overview
- Both companies released unaudited second‑quarter results showing narrower operational losses on non‑GAAP measures that exclude share‑based compensation and amortization.
- DSC posted RMB167.0 million in revenue and a GAAP net loss of RMB240.5 million largely caused by RMB227.8 million of share‑based compensation tied to its June Nasdaq IPO, while its adjusted net loss narrowed to RMB7.4 million.
- DSC said it has deployed AI agents trained on its proprietary, real‑time dealer data into dealer workflows and reported dealer metrics including 265,334 dealership MAUs and 39,146 monetized used‑car dealers with ARPU of RMB6,672.
- Zhihu reported RMB690.1 million in revenue, a net loss of RMB37.4 million and an adjusted net loss of RMB10.3 million as paid content and IP operations grew to RMB425.9 million while marketing services fell and operating expenses were cut.
- Zhihu holds about RMB4.42 billion in cash and short‑term investments and has repurchased 41.3 million Class A shares for US$77.9 million, a capital‑allocation stance investors will watch as the company aims to stabilize revenue and monetize IP.