Online Recruitment Site Wins VC Investment

China Business News, 4/23/08

Baicai.com, the online job listing site local to southern China, announced today that it had received an investment of RMB 20 mln from Zhejiang VC firm Tiande Venture Capital. Baicai general manager Huang Ting revealed that the site now boasts 1.5 mln registered users, and 200,000 companies.

Tiande GM Wang Dongdong noted that while Baicai's profit model is similar to that of traditional listings sites, it makes use of vertical search technology and several hundred industry websites throughout the country, as well as a different, independent operations team for each industry, to bring offline listings online, thus resolving the problem of the "HR supply chain," rather than merely indexing by industry category.

Keywords: online recruitment Tiandi funding Baicai Huang Ting Wang Dongdong Internet registered users VC vertical search

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