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China's job market is witnessing a significant upturn, thanks to the recovery of its non-State-owned economy and government-driven economic stimuli.

August 2023 marked a notable improvement, with total paid job listings on Kanzhun Ltd’s (BZ) platform expected to reach 3,204K, a 13.7% Y/Y increase.

The IT & Internet sectors are the standout performers, with job listings projected at 1,174K, a Y/Y growth of 23.6%. Service job listings remain stable, while BZ's average MAU is set to rise to 46.0M.

Based on our analysis, Kanzhun Ltd’s (BZ) 3Q23E revenue is anticipated to surpass consensus, reaching RMB1,590M, a 34.9% Y/Y growth.