Chinese job board Zhaopin is testing new 5G-based video interview technology that will offer mobile, high-definition interviewing options for users of the company’s business-end app, Sina.com reported (in Chinese).
According to a 2018 report by Ernst and Young, China is poised to be the world leader in 5G over the coming few years. 5G connections in China are expected to reach 576 million by 2025, representing more than 40 percent of the global total.
All Chinese operators have announced plans to invest in 5G network deployment from 2019 onwards. They are building out 5G innovation centers and conducting external field tests with equipment suppliers in large cities in preparation for 5G.
Zhaopin has more than 180 million users, and 4.5 million registered employers. The platform hosts approximately 7.8 million job listings on any given day and counts 6.3 million active job-seekers.
Zhaopin recorded strong financial growth in the past six months, with sales revenue of $319 million U.S. in H1 2018 — a 39 percent year-over-year increase. According to parent company Seek Ltd., the switch to a freemium model — implemented in mid-2017 — has been instrumental in driving increases in employers and job postings over the past year. Non-paying business users can post up to ten listings on the site for free.
One of China’s big two job boards — along with 51job.com (Nasdaq: JOBS) — Zhaopin was acquired by the Australian recruitment conglomerate in October 2017. Zhaopin will be central to Seek’s newly-formed “Seek Investments” division — a portfolio of companies that will be managed for “medium to long-term (5+ year) capital appreciation, rather than short-term profits.”