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Kanzhun Limited /


A securities class action has been filed against Kanzhun Limited (BZ) on behalf of purchasers of the securities of Kanzhun between June 11, 2021 through July 2, 2021.  This case has been filed in the USDC – NJ.

The Complaint alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Kanzhunwould face an imminent cybersecurity review by the Cyberspace Administration of China (the “CAC”); (2) the CAC would require Kanzhun to suspend new user registration on its BOSS Zhipin app; (3) Kanzhun needed to “to conduct a comprehensive examination of cybersecurity risks”; (4) Kanzhun needed to “enhance its cybersecurity awareness and technology capabilities”; and (5) as a result, defendants’ statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

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Securities