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SEEK invests 20 million in Zhaopin
By AMY CHEUNG
Published: September 26, 2006 12:00 AM
Zhaopin Limited, one of the leading HR service providers in China, announces that it has reached an agreement to receive a 20 million US dollars investment from SEEK Limited, the largest online recruiting company in Australia and New Zealand. This will be Zhaopin's final round in its pre-IPO financing. Zhaopin has achieved tremendous growth over the last three years, growing its revenue over 100% each year. Zhaopin currently operates in over 30 cities in China, offering the following services: online recruiting, newspaper recruiting, headhunting, campus recruiting, training, and assessment. Hao Liu, Zhaopin's Chief Executive Officer said, "Significant growth and structural change are the two main themes of the current recruitment market in China. We are confident that Zhaopin will continue its focus on providing quality and effective services and build the leading brand in the HR sector in China."
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