Help Wanted: Zhaopin.com Rakes in Big Dough
Filed in archive Venture Capital by Greg Cruey on July 14, 2008
blush.PaidContent.Org is reporting that Zhaopin has received $110 million in venture capital funds - a mezzanine round of funding designed to get it through to an IPO in sometime 2010. Zhaopin translates from Mandarin as "help wanted."
Zhaopin has two main investors, both Australian, and the company relationships have become interesting.

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According to a recent Bloomberg report, Zhaopin has over 100,000 corporate clients that post job openings on the Zhaopin web site. That puts Zhaopin third in the China jobs and recruitment market at the moment - behind first place 51job Inc. and second place Chinahr.com; (Monster Worldwide Inc., the world's biggest Internet recruiting company, owns 44% of Chinahr, according to Bloomberg.)
The interesting aspect of the money triangle between Seek, Zhaopin, and Macquarie is that Macquarie Capital is also buying shares of Seek Limited in Australia, where Seek is a publicly traded company.
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