Some of the most experienced traders have been caught off guard by the stock market more often than not. There are times when the market suddenly turns towards the opposite direction, even when results are as projected. Such events often lead to uncertainty and speculation. To avoid such delays, investors should monitor a stock’s performance in the past. Despite a decline of -12.07% over the past week, 36Kr Holdings Inc. (NASDAQ: KRKR) shares are up 12.79% year-to-date. The shares fell by 35.08% in the last six months, but so far this year, they have gained 20.07%.
What has just happened?
36Kr Holdings recently announced that it had reached an agreement with Xinhuanet.com to enhance creative entrepreneurship in China.
Chinese state-owned Xinhua News Agency’s Xinhuanet.com mainly focuses on short-form video content in the 5G era. Meanwhile, 36Kr Holdings has developed a leading brand and innovative platform dedicated to serving New Economy participants across China.
Both parties share a similar approach to the development of content and services in China’s New Economy. A four-year agreement between 36Kr and Xinhuanet.com will combine their respective strengths in stellar brands, top talents, advanced technology, and data expertise to spawn a series of original content offerings.
Additionally, 36Kr and Xinhuanet.com will work together to empower Chinese New Economy enterprises, financial institutions, and startups focusing on innovation-led sectors.
This partnership is expected to catalyze the New Economic community of China’s broad-based prosperity through its diverse business content and service portfolios. The move will also ensure China’s new economy sector is vital and successful throughout the world.
The recommendations of Wall Street analysts about 36Kr Holdings Inc. are certainly of keen interest to investors. The current consensus of the analysts indicates a Buy rating for KRKR. The current average recommendation on the scale of 1 to 5 for a brokerage firm reads 2.00. A value between 0 and 2 indicates a Buy recommendation. A value in the range of 2 to 3 indicates Holding the stock, while a value above 3 indicates selling the stock.