BizChinaUpdate Newsletter
 

Email:

Full Name:

Home arrow News & Interviews arrow News July 2008 arrow Macquarie Capital and Seek Invest in Zhaopin.com
Macquarie Capital and Seek Invest in Zhaopin.com PDF Print E-mail

By Wayven Pienaar, on Wednesday, 16 July 2008

Published in : The News, News July 2008


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.


 


Last update : Wednesday, 16 July 2008

   
Quote this article in website
Favoured
Print
Send to friend
Related articles
Save this to del.icio.us

Keywords : Zhaopin, Macquarie, Seek, Internet, Investment


Users' Comments  RSS feed comment
 

Average user rating

   (0 vote)

 


Add your comment
Name
E-mail
Title  
 
Comment
  Available characters:  
   Notify me of follow-up comments
   
   

No comment posted

 
< Prev   Next >
Advertisement
RSS - Subscribe to the BCU Feed

Member's Area Login

Members please login:

Advertisement

BizChinaUpdate Polls

This Poll is Sponsored by Control Risks for more information visit www.control-risks.com Please use ctrl and select to choose multiple answers.
Which issues are of most concern to your company in China?