Shares of Zhihu Inc. (NYSE: ZH), the leading Chinese question-and-answer platform, surged by 7.06% on Thursday, October 4th, amid sustained enthusiasm from retail investors banking on the company's growth prospects in the online knowledge-sharing market.

The stock rally came on the heels of a 21% surge in Zhihu's share price last week, fueled in part by the significant ownership stake held by retail investors. According to recent data, individual investors collectively own 34% of Zhihu's outstanding shares, making them the largest shareholder group.

Analysts suggest that the sustained interest from retail investors could be driven by optimism about Zhihu's ability to capitalize on the growing demand for user-generated content and social learning in China. With a loyal user base and a robust content ecosystem, Zhihu is well-positioned to benefit from the increasing popularity of online knowledge-sharing platforms in the country.