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Nature of Operations and Reorganization (Tables)
12 Months Ended
Dec. 31, 2021
Nature of Operations and Reorganization  
Schedule of ownership structure of the major subsidiaries and VIE

Percentage of

  Direct or Indirect 

Place and year of 

Economic

Major subsidiaries

    

Incorporation

    

Ownership

    

Principal activities

36Kr Holding Limited (“36Kr BVI” or “BVI Subsidiary”)

British Virgin Islands, established in 2018

100

%  

Investment holding

36Kr Holdings (HK) Limited (“36Kr HK” or “HK Subsidiary”)

Hong Kong, established in 2018

100

%  

Investment holding

Tianjin Duoke Investment Co., Ltd. (“Tianjin Duoke”)

The PRC, established in 2019

100

%  

Investment holding

Tianjin Dake Information Technology Co., Ltd. (“Tianjin Dake”)

 

The PRC, established in 2019

 

100

%  

Management consulting

Beijing Dake

 

The PRC, established in 2019

 

100

%  

Management consulting

 

Percentage of

Place and year of 

 Economic

VIE

    

Incorporation

    

Ownership

    

Principal activities

Beijing Duoke

 

The PRC, established in 2016

 

100

%  

36Kr Business

Percentage of

Place and year of 

 Economic

VIE Major subsidiaries

    

Incorporation

    

Ownership

    

Principal activities

Beijing Dianqier Creative Interactive Media Culture Co., Ltd. (“Dianqier”)

 

The PRC, established in 2017

 

100

%  

Enterprise value‑added services

Zhejiang Pinxin Technology Co., Ltd.

 

The PRC, established in 2019

 

100

%  

Investment holding

Schedule of financial information of the Group's VIE and the VIE's subsidiaries included in the accompanying consolidated financial statements

1. Nature of Operations and Reorganization (Continued)

(e) Contractual agreements with the VIE (Continued)

Risks in relation to the VIE structure (Continued)

The following financial information of the Group’s VIE and the VIE’s subsidiaries as of December 31, 2020 and 2021 and for the years ended December 31, 2019, 2020 and 2021 is included in the accompanying consolidated financial statements of the Group as follows:

December 31, 

December 31, 

2020

2021

    

RMB’000

    

RMB’000

Current assets:

 

  

 

  

Cash and cash equivalents

 

11,494

 

42,047

Short‑term investments

 

122,277

 

99,017

Accounts receivable, net

 

304,845

 

179,986

Amounts due from the Company and its subsidiaries

16,106

16,137

Receivables due from related parties of the Group

 

89

 

3,620

Prepayments and other current assets

 

14,566

 

42,312

Non‑current assets:

 

 

Property and equipment, net

 

3,937

 

3,157

Intangible assets, net

 

471

 

808

Long-term investments, net

30,976

Operating lease right-of-use assets, net

 

27,365

 

13,818

Total assets

 

501,150

 

431,878

Current liabilities:

 

 

Accounts payable

 

64,641

 

56,069

Salary and welfare payables

 

32,749

 

37,631

Taxes payable

 

17,207

 

11,311

Deferred revenue

 

18,849

 

28,863

Amounts due to the Company and its subsidiaries

199,392

143,331

Amounts due to related parties of the Group

 

548

 

1,328

Accrued liabilities and other payables

8,219

12,621

Short-term bank loan

5,000

Operating lease liabilities

15,132

16,302

Non-current liabilities:

Operating lease liabilities

12,426

 

586

Total liabilities

 

369,163

 

313,042

1. Nature of Operations and Reorganization (Continued)

(e) Contractual agreements with the VIE (Continued)

Risks in relation to the VIE structure (Continued)

For the year ended December 31,

2019

2020

 

2021

    

RMB’000

    

RMB’000

    

RMB’000

Inter-company revenues

25

Third-party revenues

 

655,241

 

386,861

316,632

Cost of revenues

(392,569)

(282,772)

(147,654)

Gross profit

262,672

104,089

169,003

Operating expenses

(259,867)

(284,163)

(190,249)

Income/(Loss) from operations

2,805

(180,074)

(21,246)

Share of loss from equity method investments

26

Short-term investments income

3,237

1,416

1,768

Others, net

8,572

12,021

5,602

Income/(Loss) before income tax

14,614

(166,637)

(13,850)

Income tax expenses

(19,672)

(3,814)

(111)

Net loss

 

(5,058)

 

(170,451)

(13,961)

For the year ended December 31,

2019

2020

 

2021

    

RMB’000

    

RMB’000

    

RMB’000

Net cash (used in)/provided by operating activities

 

(133,255)

 

57,273

266,927

Purchase of short-term investments

(451,450)

(504,571)

(571,110)

Proceeds from maturities of short-term investments

557,189

423,937

594,927

Investment in long-term investments

(30,950)

Loan paid to inter-company entities

(150)

(5,000)

Loan collected from inter-company entities

5,000

Cash received from customer in relation to advertisement agent services

26,295

Cash paid on behalf of the customer in relation to advertisement agent services

(179,036)

Others

(7,434)

(2,777)

(4,180)

Net cash (used in)/provided by investing activities

98,305

(83,561)

(164,054)

Proceeds from initial public offering, net of issuance costs

(6,094)

(6,000)

Share repurchase

(2,333)

Capital injection from noncontrolling interest shareholders

6,895

520

750

Proceeds from loans provided by inter-company entities

87,170

35,910

25,010

Repayments of loans provided by inter-company entities

(5,000)

(103,080)

Cash paid in connection with the reorganization

(87,170)

Others

(82)

(19)

5,000

Net cash provided by/(used in) financing activities

(1,614)

25,411

(72,320)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash held in foreign currencies

(33)

Increase/(Decrease) in cash, cash equivalents and restricted cash

 

(36,597)

 

(877)

30,553

Cash, cash equivalents and restricted cash at beginning of year

 

48,968

 

12,371

11,494

Cash, cash equivalents and restricted cash at end of year

12,371

11,494

42,047