Pulse2 Technology and Social Media News » Zhaopin.com http://pulse2.com Sun, 27 May 2012 19:13:16 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Chinese Job Site Zhaopin.com Raises $110 Million http://pulse2.com/2008/07/14/chinese-job-site-zhaopincom-raises-110-million/ http://pulse2.com/2008/07/14/chinese-job-site-zhaopincom-raises-110-million/#comments Mon, 14 Jul 2008 15:45:00 +0000 Amit Chowdhry http://pulse2.com/?p=3889 Continue reading →]]> Zhaopin Logo
Zhaopin.com, a Chinese job search company, has secured $110 million in mezzanine funding.  This will be the final round of funding for the company before they have an IPO in 2010.  This is the largest investment made for an online job search company in China. 

Two of the major investors in the Zhaopin are based in Australia.  The two companies are Macquaries Capital (invested $60 million) and Seek Limited (invested $45 million).  Seek now owns 43% of the company and Macquaries owns 29.1%. 

Zhaopin’s revenues doubled in about a year, but the company is still losing money.  Between 2006-2007, Zhaopin lost $13 million.  It is expected to take about 2 years before the company cuts a profit. 

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