Zhihu stock gains 1.48 percent as AI fund vote nears

Zhihu stock last traded at USD 3.42 on the NYSE on October 6, 2026, up 1.48 percent from the prior close. The next company decision is a shareholder vote on a RMB 1.5 billion AI-focused investment commitment, scheduled for October 20, 2026.

AI fund vote sets the next date

According to StockTitan, Zhihu agreed through a wholly owned subsidiary to subscribe for a limited partnership interest in an AI and related-technology fund. The commitment remains subject to the October 20, 2026 extraordinary general meeting, where approval requires a simple majority of votes cast.

The proposed investment would shift RMB 1.5 billion from cash and cash equivalents to long-term investments if fully contributed. The fund targets early-to-mid-stage unlisted AI companies with a mainland China connection, while Zhihu expects its interest to remain at or below 30 percent of final commitments, according to StockTitan.

First-half revenue falls 7.2 percent

Zhihu's investor-relations page reports RMB 1,341.7 million of total revenue for the first half of 2026, a 7.2 percent year-over-year decline. Adjusted net income was RMB 6.9 million, while the adjusted operating loss narrowed 19.5 percent year over year, giving the company a profitability improvement despite lower sales.

The same company page shows a 58.3 percent gross margin and RMB 4,423.8 million in cash, term deposits, restricted cash and short-term investments for the first half of 2026. That liquidity provides context for the proposed investment, but the commitment would still represent a material allocation relative to the reported resources.

Consensus target sits 19.4 percent higher

Investing.com lists a Strong Buy consensus from six analysts, with five Buy ratings and one Hold rating as of October 5, 2026. The average 12-month target is USD 4.0828, with a high of USD 5.7019764 and a low of USD 3.6033292.

Against the NYSE price of USD 3.42 on October 6, 2026, the average target lies 19.4 percent above the price. The comparison is balanced by the first-half revenue decline and by the fact that the AI fund vote concerns an investment whose portfolio companies have not yet been selected.

Zhihu stock holds above USD 3

Zhihu stock was last at USD 3.42 on the NYSE on October 6, 2026 at 4:00 p.m. ET, with a session range of USD 3.31 to USD 3.46. Its 52-week range is USD 2.56 to USD 5.09, placing the latest quote within the lower half of that span.

Upcoming dates for Zhihu stock

• October 20, 2026: Extraordinary general meeting on the AI fund commitment

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