Tag: 51job

51Job Q1 2021: Revenue with post-pandemic rebound

In Q1 2021, China-based recruitment marketplace 51Job recorded revenues of US$136.6 million, up by 13.2% from the same quarter in 2020. However, net income dropped 72% year-on-year to US$8.7 million in the first quarter of 2021, according to the company’s earnings results released on 25 June.

51Job receives renewed $5.3B takeover bid

China-based recruitment marketplace 51Job has received a revised takeover proposal from DCP Services, Ocean Link Partners and 51Job co-founder Rick Yan. The latest bid is valued at $79.05 U.S. cash a share, or $5.3 billion U.S.

51Job sets up committee to evaluate buyout offer

51Job, the China-based recruitment site, announced today that it had formed a special committee tasked with evaluating the $5.3 billion U.S. buyout offer it received last week. DCP Capital Partners, the private equity firm heading the deal, is offering $79.05 per share, a 16% premium over 51Job’s closing price the day before the deal was announced.

51Job considers $5.3B buyout offer

51Job, the China-based recruitment giant, has received a $5.3 billion U.S. buyout offer from a group led by DCP Capital Partners. The private equity firm is offering $79.05 per share, a 16% premium over 51Job’s closing price Wednesday.

51job backs Huali University, CDP Holdings in mixed Q3

Customer accounts for China’s 51job.com fell by over 14% year-over-year in Q3 2019, as the job board — one of China’s big two along with Zhaopin.com — continues to target a higher-spending customer base and weather a trade war-related economic downturn that is hitting small businesses hard. 

51job feels effects of slowdown in Q1

Chinese job board 51job.com failed to conclusively dismiss rumors of a downturn in late 2018 with its Q1 2019 results. Revenues increased by just 12.4 percent over Q1 2018, to 911.9 million RMB ($135.9 million U.S.) — well short of the 30 percent growth rates that the company consistently maintained in 2018.

Zhaopin, 51job neck-and-neck

According to a new report by third-party analytics platform BigData-Research, China’s big two jobs verticals remain as inseparable as ever at the top of the market. Shanghai-based 51job.com (Nasdaq: JOBS) and Seek-owned Zhaopin’s monthly average app users for January stood at 9.9 million and 9.4 million, respectively.

Steady performance for 51job in 2018

China’s leading jobs board 51job.com celebrated its 20th anniversary with strong Q4 and FY 2018 results. Total revenues in 2018 were $3.8 billion U.S. ($550.1 million U.S.), an increase of 31.3 percent year-over-year (Q4 revenues were up 28.5 percent year-over-year).  51job’s underlying metrics were all steady, with a gross margin was 72.2 percent compared with 73.2 percent in 2017, and operating margin of 30.8 percent compared with 30.6 percent…

51job refutes rumors of downturn

Chinese recruitment platform 51job.com has publicly rejected claims made by Tianfeng Securities that over 2 million job ads had vanished from its website this year amid the onset of an economic slowdown, Reuters reports. In a statement posted on its official social media account on Wechat, 51job said Wuhan-based Tianfeng had made an “improper” analysis of the platform’s data using a web crawler program in a…

As shares soar, 51job CEO is now worth $1.5 billion

Yan is worth an estimated $1.5 billion U.S., based on his 20.8 percent stake in Shanghai-based 51job, whose market cap has risen from $4bn U.S. to close to $7bn since the start of 2018. Its American depositary receipts have soared more than 80 percent this year, fuelled by surging revenue. This article is only available to AIM Group clients. Please subscribe now or log in…