Chinese recruitment website Zhaopin.com, which was established by expatriates more than a decade ago, has raked in investments from one of Australia’s largest recruitment companies, Macquarie Capital and Seek.
Seek, which has made a USD20m investment in Zhaopin.com two years ago,
is seeking to increase its current 25 per cent stake in the company to
43 per cent, and plans to fork out another USD45m to seal the deal,
while Macquarie plans to acquire a 29 per cent stake.
Zhaopin told Reuters that the investment is for the company’s future
developments such as recruitment, client services and expanding the
business, but said that the investors will not participate in the
decision-making or the day-to-day operation of the company.
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