SCHEDULE 13G/A: Innovation Works Entities and Principals Update Beneficial Ownership in Zhihu Inc. to 0.8%

An amendment to Schedule 13G reveals updated beneficial ownership stakes in Zhihu Inc. by Innovation Works Development Fund, L.P., Innovation Works Holdings Limited, and their associated general partners and principals, totaling 0.8% of Class A Ordinary Shares as of December 31, 2024.

Summary

• This document is Amendment No. 3 to a Schedule 13G filing for Zhihu Inc.
• The filing reports the beneficial ownership of Class A Ordinary Shares by several related entities and individuals, collectively referred to as 'Reporting Persons'.
• The Reporting Persons include Innovation Works Development Fund, L.P. ('Innovation I'), Innovation Works Development Fund GP, L.P. ('Partners I'), Innovation Works Development Fund GP, LLC ('Partners I LLC'), Innovation Works Holdings Limited ('Innovation Ltd'), Peter Liu, and Kai-Fu Lee.
• As of December 31, 2024, Innovation I, Partners I, Partners I LLC, and Peter Liu each beneficially own 1,380,792 Class A Ordinary Shares, representing 0.6% of the class.
• Innovation Ltd beneficially owns 533,939 Class A Ordinary Shares, representing 0.2% of the class.
• Kai-Fu Lee beneficially owns an aggregate of 1,914,731 Class A Ordinary Shares, representing 0.8% of the class, which includes shares directly owned by Innovation Ltd (533,939 shares) and shares where he has shared voting and dispositive power through Innovation I (1,380,792 shares).
• The percentages are calculated based on 246,505,157 Class A Ordinary Shares reported by Zhihu Inc. as outstanding on December 31, 2024, in its Form 6-K filed on February 7, 2025.

Sentiment

Score: 5

Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently convey positive or negative sentiment regarding the company's performance or outlook.

Future Outlook

NA

Industry Context

This filing is a standard disclosure of beneficial ownership, providing transparency on significant shareholder stakes. It does not offer insights into broader industry trends or competitive landscape beyond the ownership structure of Zhihu Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding the ownership structure and significant beneficial holders, which can influence perceptions of control and stability.

Key Dates

Keywords

Zhihu Inc., Class A Ordinary Shares, Beneficial Ownership, Schedule 13G, SEC Filing, Innovation Works Development Fund, Innovation Works Holdings, Peter Liu, Kai-Fu Lee, Ownership Disclosure