Tencent Holdings Limited and its subsidiary Image Frame Investment (HK) Limited filed Amendment No. 4 to Schedule 13G with the SEC on November 10, 2026, disclosing their beneficial ownership of Class A Ordinary Shares in Kanzhun Ltd as of September 30, 2026.

Key Highlights

  • Beneficial ownership: Both Image Frame Investment (HK) Limited and Tencent Holdings Limited each report 18,324,051 Class A Ordinary Shares beneficially owned.
  • Percent of class: The 18,324,051 shares represent 2.2% of Kanzhun Ltd's Class A Ordinary Shares.
  • Shares outstanding basis: The percentage is calculated on 829,269,523 Class A Ordinary Shares issued and outstanding as of September 30, 2026.
  • Voting and dispositive power: Both reporting persons report sole voting power and sole dispositive power of 18,324,051 shares, with no shared voting or dispositive power.
  • Record holder: According to the filing, Tencent Holdings Limited "may be deemed to have beneficial ownership over 18,324,051 Class A Ordinary Shares held of record by Image Frame Investment (HK) Limited."
  • Event date: The date of event requiring the filing is stated as September 30, 2026.

Tencent and Image Frame Disclose Ownership Position in Kanzhun

According to the filing, Image Frame Investment (HK) Limited, organized in Hong Kong, and Tencent Holdings Limited, incorporated in the Cayman Islands, jointly filed Amendment No. 4 to Schedule 13G with respect to Class A Ordinary Shares of Kanzhun Ltd (NASDAQ:BZ), par value US$0.0001 per share, with CUSIP number 48553T106. The filing identifies both entities as reporting persons and lists a shared business address at Level 29, Three Pacific Place, No. 1 Queen's Road East, Wanchai, Hong Kong.

The filing discloses that each reporting person beneficially owns 18,324,051 Class A Ordinary Shares, representing 2.2% of the class. The percentage calculation is based on 829,269,523 Class A Ordinary Shares issued and outstanding as of September 30, 2026, as reported on the monthly return filed with The Stock Exchange of Hong Kong Limited, which was included as Exhibit 99.1 to Kanzhun's Form 6-K furnished to the SEC on October 7, 2026 (File No. 001-40460). Item 5 of the filing notes ownership of 5 percent or less of the class.

The filing was signed on November 10, 2026, by Byun Jung-won Elizabeth as Director of Image Frame Investment (HK) Limited, and by Ma Huateng as Director of Tencent Holdings Limited. The joint filing arrangement between the two reporting persons is incorporated by reference to a Joint Filing Agreement dated February 10, 2022, which was previously filed with the SEC.

What Was Disclosed

Tencent Holdings Limited and Image Frame Investment (HK) Limited filed Amendment No. 4 to Schedule 13G, reporting beneficial ownership of 18,324,051 Class A Ordinary Shares of Kanzhun Ltd, equal to 2.2% of the class, based on a September 30, 2026 event date.