Tag: 51job

51job maintains steady growth in Q1

51job, Inc. (Nasdaq: JOBS) one of China’s big two recruitment platforms (along with Zhaopin), has released financial results for the first quarter ended March 31, 2018. The Shanghai-based company, which boasts over 110 million users, saw total revenues increase by 33.5 percent year-over-year to 811.3 million RMB ($129.3 million U.S.). Of this, revenue from online recruitment services increased 30.5 percent year-over-year to 548.3 million RMB…

51job revenue up 22 percent in Q3

51job.com (前程无忧), one of China’s big two recruitment platforms along with Seek-owned Zhaopin (智联招聘), has put another solid quarter in the books in Q3 2017.  The post 51job revenue up 22 percent in Q3 appeared first on AIM Group.

Lagou’s Cloud HR products motivated deal with 51job

Tech recruitment site Lagou (拉勾) is enamoured with the prospects for its SaaS offering Lagou Cloud HR (拉勾云人事). In fact, helping the cloud services HR management product, which already has over 20,000 corporate clients, to grow appears to have been the principal motivation behind the company’s recent equity sell-off, to 51job Inc. (前程无忧, NASDAQ: JOBS).  The post Lagou’s Cloud HR products motivated deal with…

51job acquires majority stake in Lagou

51job Inc. (前程无忧, NASDAQ: JOBS), the leading recruitment platform in China by total users, has today announced that it has agreed to become majority shareholder of China’s leading tech-sector recruitment platform, Lagou (拉勾).  51job will acquire a 60 percent stake in Lagou for $119 million U.S. in cash, valuing Lagou at approximately $200 million U.S.. The transaction is expected to be completed in the…

51job maintains strong growth in Q2

51job.com (前程无忧, Nasdaq: Jobs) announced today its unaudited financial results for the second quarter of 2017. Total revenues increased 20.3 percent over Q2 2016, to 673.2 million RMB ($99.3 million U.S.), exceeding the company’s guidance range and marking an increase of 20.3% from 559.8 million RMB for the same quarter in 2016.