"(Zhaopin's) revenue grew strongly (in Q1), thanks to a strong performance by our sales force, and our strategic focus on lower-tier cities, and on small and medium-sized employers (SMEs),” said Evan Guo Sheng, Zhaopin's chief executive officer and chairman.
Revenue and profit grow strongly at Autohome, but the new owners opt to "transform the company from a content-led vertical media business to an automotive eco-platform based on advanced analysis and technology".
According to a report on Yiyouwang (Iyiou.com), a Beijing-based media outlet focusing on digital media, Souche Holdings, operator of c-to-c, used-autos site Souche.com, recently completed a $100-million U.S. Series C funding round.
According to 51job Inc., owner of leading Chinese job site 51job.com, Q3 was another quarter of double-digit revenue growth for the site. It was also the sixth, consecutive quarter of double-digit growth.
In China Singles' Day (or Batchelors' Day) has gradually turned into one of the largest online shopping days in the world, with sales on Alibaba's Tmall and Taobao sites in the 24 hours on Nov. 11, 2015 at a whopping $14.3 billion U.S., according to Wikipedia.
NYSE-listed 58.com Inc., China's largest online classifieds marketplace, announced a strong set of financial results for Q3 of FY2016.
Fang Holdings, operator of a leading real estate site in China which is listed on the New York Stock Exchange (NYSE: SFUN), announced on Nov. 11 that the U.S. District Court for the Central District of California had dismissed all claims of the plaintiffs in a securities class action against the company, and certain of its current and former officers.
United Real Estate Group, a fully integrated network of real estate professionals in the United States, has announced a partnership with Juwai.com, the China-based international real estate website. The partnership is aimed at the U.S. network working more effectively with the overseas buyer group.
Fang Holdings Ltd. (NYSE: SFUN), operator of the Chinese real estate internet portal formerly known as SouFun, announced on November 1 the appointment of Dr. Lei Hua as Chief Financial Officer. Former CFO, Kent Huang Cangsang, had resigned from the company due to personal reasons, the company said.
A new report has found that competition between workers for white-collar jobs in China continued to ease in the third quarter of 2016, when on average 38 applications were received per vacancy advertised, down from 45 in Q2 of 2016.