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.
51job, Inc. 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 ($87.4 million U.S.), and "other human resource related revenues" increased 40.2 percent to 263 million RMB (US$41.9 million).
China’s largest publicly-owned jobs site 51job Inc. (Nasdaq: JOBS) has rung in its 20th anniversary with strong Q4 2017 and FY 2017 results. In FY 2017, total revenues increased 21.4 percent year-over-year to 2.88 billion RMB ($442.8 million U.S.), while income from operations increased 42.3 percent to 870.8 million RMB ($133.8 million U.S.).
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.
Mai Mai (脉脉), the Chinese social network for business people, continues to benefit from sharing the data it collects on its 30 million users. The company has now signed a strategic partnership agreement with Moka, a SaaS platform that offers data-driven advice for companies on managing their human resources.
Lagou (拉勾), a leading recruitment platform for the Chinese tech sector, is pushing back against fake job postings with an all-new artificial intelligence-based (AI) and facial recognition-based identity authentication system. The system, which went online this week, was jointly developed by Lagou and Baidu AI (百度AI).
Doumi (斗米), the app for temp work owned by classifieds giant 58.com, continues to show remarkable growth. The platform’s mobile active users (MAU) climbed 638 percent year-on-year, according to app stats firm QuestMobile. Doumi is bucking the prevailing trends in China, where recruitment sites, such as Zhaopin (智联招聘), 51job (前程无忧) and Lagou (拉勾), have seen a decline in mobile users over the past year.
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).
Following an extraordinary general meeting of shareholders held on September 25, Chinese recruitment site Zhaopin (智联招聘, NYSE: ZPIN) announced that its shareholders have voted in favor of the company’s merger with Australian recruitment giant Seek Limited. The merger had been pending since April 2017.
51job Inc. (前程无忧, NASDAQ: JOBS), the leading jobs site in China as measured by total users, today announced that it had agreed to become the majority shareholder of China’s leading tech-sector jobs site Lagou (拉勾).