Online Recruitment App BOSS Zhipin Rumored to Complete New Round of Financing
Chinese tech media 36Kr reported that online recruitment app BOSS Zhipin has recently completed a new round of financing, raising close to $100 million. Insiders disclosed that this round of financing was including multiple rounds “separated into E1 and E2”. Tencent was reported to have participated in and led one of the rounds, ultimately accounting for close to a 10% stake in the company.
According to Crunchbase, BOSS Zhipin raised a total of $98 million in funding over 2 rounds. Their latest funding was raised on December 21, 2018.
In July, BOSS Zhipin claimed to be preparing an IPO. It was reported that the company was planning to go public in the United States in May of next year. However, someone close to the company denied these reports of a potential IPO.
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Launched in July, 2014, BOSS Zhipin is an application that allows job hunters to chat with potential employers directly online. Since its launch, the company has been committed to providing career opportunities and a convenient job search experience for white collar workers. As of September 2018, the number of registered users has reached 63.72 million.
According to the 2019 China internet recruitment development report, in 2018, the online recruitment market revenue reached 9.12 billion yuan, with a growth rate of 31%. In 2018, the number of online employers reached 5.17 million in total, marking an increase of 3.5% compared to last year.