36Kr Holdings Inc. (NASDAQ:KRKR) Q3 2023 Earnings Call Transcript

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By consistently extending our footprint in AI marketing, we seek to provide our clients with marketing solutions that are smarter, more efficient and more innovative. Additionally, we joined hand with top tier investor players, including [Indiscernible] to deepen AIGC applications in analyzing financial statements as well as reporting on the primary market, delivering more comprehensive, more agile, higher quality offerings to a broad spectrum of companies at exceptional cost to benefit [Indiscernible]. Thank you.

Operator: Thank you. And our next question comes from [Indiscernible] with Sealand Securities. Please go ahead.

Unidentified Analyst: [Foreign Language] What specific factors contributed to the rapid growth in company’s subscription services and new growth strategies in time for this segment?

Dagang Feng: [Foreign Language] The rapid growth in our subscription services was primarily propelled by the launch of our high-risk [Indiscernible] programs. This quarter, we joint hands with Keble College of the University of Oxford, and launched a new degree-based program, vastly boosting our ARPU to over RMB68,000. Meanwhile, we continue to enrich the high quality training courses offered through our venture capital class and funding acceleration cap. Our diverse and engaging course offerings brought top tier learning experiences to users drawing extensive [Indiscernible]. Looking ahead, we aim for additional partnership with top universities worldwide on more international MBA programs such as University of Oxford, University of Leeds, Queen Marine University of London, [Indiscernible] DraftKings University in the UK and INSEEC Business School in France, providing China based linear with [Indiscernible] to expand their careers globally.

Moreover, with the vibrant advancement of AI innovation, we noticed an increase in people’s demand for learning and harness AI technology. To address this demand, we are actively working with leading AI companies based in China to jointly develop AI focused training programs, enabling participants to have a better grasp of AI technology and practical skills. Thank you.

Operator: Thank you. As there are no further questions, I’d now like to turn the call back over to the company for closing remarks.

Unidentified Company Representative : Thank you once again for joining us today. If you have further questions, please feel free to contact the 36Kr Investor Relations through the contact information provided in our website.

Lin Wei: Thank you.

Operator: Thank you. This concludes this conference call. You may now disconnect your lines and have a wonderful day.

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