Wpinjobs.com, a job board catering to Chinese speakers looking for overseas work, has completed pre-series A funding worth several million RMB. The round was led by Shenzhen-based venture capital firm Xindali Capital.
The company confirmed that it will be launching its own app, which is currently in the testing phase, by the end of this month.
Founded in early 2017, Wpinjobs.co. has several million users, with new user growth increasing tenfold this year, according to a report on Sohu.com (in Chinese). More than 200,000 corporations and potential employers from 119 countries currently use the site, including organizations such as the United Nations.
Wpinjobs.com is the first overseas job board dedicated to finding funding in China, where professional network LinkedIn remains the de facto destination for seeking out such roles. Based on the recent explosion in overseas property listings sites serving the Chinese market, the sector has clear potential for growth. A host of other companies, including Uoolu.com, Juwai.com and Sodichan.com have recently joined the fray.
China’s two largest job boards are 51job.com and Zhaopin.com, both of which have over 100 million users. Niche sites have proven capable of making an impact however, with tech industry job board Lagou.com rising into the top 5 in terms of traffic in 2018. This rise led 51job to acquire a 60 percent stake in the company for $120 million U.S.