On Wednesday, Chinese Quora-like Q&A platform Zhihu reported RMB 743.2 million ($117.2 million) in revenue for the first quarter of this year, representing a growth of 55.4% from the same period last year. The company’s Q1 revenue beats the high-end $112.4 million estimate compiled by Yahoo Finance. Ad revenue totaled RMB 217.3 million, remaining flattish as Chinese companies cut marketing spending amid renewed Covid outbreaks. The firm’s revenue from paid members and content-commerce solutions surged 75.1% and 87.7% year-on-year to RMB 221.7 million and RMB 226.8 million respectively during the reporting period. However, Zhihu’s net loss nearly doubled to RMB 614.3 million in the first quarter, compared with RMB 324.7 million in the same period of 2021. This is the Beijing-based company’s first quarterly report since it launched a dual primary listing on the Hong Kong stock exchange in April, about one year after it went public on the New York Stock Exchange in the first quarter of 2021. [Zhihu press release]