Shixian secures funds, Baixing offers compensation
27 Jun 2017
Shixian.com, a gig economy platform serving the Chinese tech industry, secured 3 million RMB ($438,000 U.S.) in an angel-funding round, led by the tech-focused venture firm Xianfeng Changqing and Bopai Capital.
Shixian advertises itself as the site to secure the on-demand services of engineers and systems architects from China’s “BAT” companies (Baidu, Alibaba and Tencent).
In pivoting away from the traditional focus of the “gig economy” and into the tech sector and highly-skilled tech sector talent, Shixian is swimming in the same waters as a platform such as Ziwork, which also deals largely with tech sector employment.
Ziwork also secured funding this month (see here). The Ziwork series A round was, however, worth “several tens of millions” of RMB (several million U.S. dollars), and featured bigger name backers, such as Banyan Capital and celebrity VC Zhang Suyang.
Shixian currently has 3,486 employer-users and has facilitated the completion of more than 10,000 “gigs”. Ziwork claims to have facilitated more than 30,000 gigs, worth more than 20 million RMB ($2.9 million U.S.)
Shixian promises the platform’s job-seeking users that they will be able to get their hands on payment less than an hour after a given employer confirms completion of a project.
Although China’s young and online self-employed remain small (about ten million), up to 400 million people may be self-employed members of the “gig economy” by 2036, according to AliResearch, the think-tank affiliated with Alibaba Group Holdings.
Baixing offers compensation for fake job ads
Users who report that they have been misled or scammed by fake job postings on the site can use a newly-available compensation application function built into the site.
The compensation program promises users that applications for compensation will take less than seven working days to be completed, and that plaintiffs in individual cases will be eligible to receive up to 800 RMB ($115 U.S.) in compensation directly from Baixing.
Plaintiffs are asked to submit evidence via the platform, after which Baixing investigates and mediates between accuser and accused.