Behemoth cheap ChinaHR article Source: 21st Century Business Herald ?? ?? Shi Jian yet to find a buyer, ChinaHR will be included in the 'sale of assets' Behemoth: Heart (Monster, NYSE MWW) of dumped goods is evident. US online recruitment giant, 'Leviathan' released in November last year, three quarters of its 2012 fiscal year timekeeping announced that it will seek to sell its previously spent more than $ 200 million acquisition of Chinese talent network, and the delineation of the time limit to complete the transaction in the 'Fiscal Year the end. ' January 15, there were unconfirmed rumors that the intention then set side for ChinaHR bid as low as $ 10 short wigs million already. 'ChinaHR deteriorating, both its own strategic and management factors, but also due to the traditional online recruitment is suffering from the impact of social recruitment.' January 16, the domestic online recruitment industry, a senior official told reporters that the monster in the world Market impact social networking site LinkedIn has been very clear, and China and the two job sites 51job chi is also facing the same challenges. Including Yahoo, Google, Amazon, ebay, including Internet companies have encountered problems in China acclimatized, this monster was defeated China, once again added a defeat for the Internet giant in China. Behemoth dumped goods 'when the original shares ChinaHR signed an agreement on gambling, is a trap for the beast.' January 16, said the online recruitment industry veteran interview that it is precisely because the Chinese behemoth commitment Network of excellence such as IPO is unsuccessful, it shall be wholly acquired ChinaHR's management had dared start crazy advertising, leading the company to suffer losses. Beast of ChinaHR shares early in April 2005, back when the agreement to spend $ 50 million acquisition of monster ChinaHR 40% stake, while the monster will complete ChinaHR IPO within three years, if IPO is unsuccessful, behemoth is obliged to become its controlling shareholder. The monster was bullish stock up to $ 30, accounting for about 50 percent of the US online recruitment venue, but launched an ambitious internationalization. But as China's most populous nation, the investment behemoth of ChinaHR and gambling agreement, so that a few large recruitment website advertising campaign to join the crazy moment in between. Under the impetus of venture capital, ChinaHR, Zhaopin and other user regardless of the cost into the enclosure. ChinaHR ultimately failed IPO, the monster had acquired 55.6% stake in ChinaHR in October 8, 2008, with its acquisition in 2006 of about 5% of the shares, so far, the monster has been wholly acquired ChinaHR network. In ChinaHR completely turned into the process of foreign companies, including founder Zhang Jiexian, with a certain share of professional managers Zhang Jianguo and other all persona wigs quit. 'ChinaHR not only did the founder of the gene, and the monster appoint professional managers come difficult to understand the particularity of the Chinese market.' Talent management software, a company official told reporters that there are many reflect this specificity, For example, Chinese enterprises HR department wants to have more resumes for its selection, 'recruit three people, at least I hope to have provided over 100 copies of your resume, but it is hoped abroad try to help it filter out real right, to recruit three soul eater wigs people, only Hope you provide 10 copies of your resume. ' According to his understanding, the face of such special needs, some online job sites have to offer some make up resume. 'Behemoth accredited professional managers advocating American management experience.' Online recruitment industry insiders believe that the previously mentioned, the lack of founder and familiar with the Chinese market and professional managers, ChinaHR lost wolf, unable to get positive cash flow , the Chinese job market is gradually being marginalized. In this case, the monster itself facing a 'backyard' embarrassment. Behemoth in its earnings report admits it in the online recruitment market entry threshold is very low, the market is highly competitive, both with its competitors like online recruitment websites, and classified ad sites, traditional media recruitment pages, search engines, industry blog, vertical sites, social networking sites. Especially the rise of LinkedIn and other social networking sites, streaming effect on the monster's very obvious. LinkedIn released in November last year, fiscal 2012 third quarterly show, during which revenue was $ 252 million, up 81%; net profit of $ 2.3 million, compared with a loss of $ 1.6 million. In contrast monster, the third quarter of 2012, is not included in the assets to be sold have been classified as ChinaHR, its revenue was $ 221.7 million, down 11%; net profit of $ 9.5 million, up sharply 52%. Most recent year, the share price has dropped by a monster $ 10.4 highest point to the current $ 5.85 (January 15 closing price), almost cut. Social impact of ChinaHR marginalized in the Chinese market, in addition to its own management and strategic factors, but also with the online recruitment market model replacement are not unrelated. 'Three major online recruitment company CV is 85% three years ago.' Everyone headhunter CEO Wang Yuhao told reporters that the traditional online recruitment push resume and sell advertising model, cost is not high, and pulled down the enterprise HR departments recruitment efficiency. To hire a qualified staff, many companies HR staff average reading of a resume in seconds for the unit, one day down to look at more than 1000 copies of your resume, labor intensive. Familiar with the online recruitment market, industry sources, the growth despite the current 51job and Zhaopin good, but growth will come from second and third tier cities, cities have been under attack all kinds of new recruitment model.王雨豪 said China recruitment market is highly fragmented, there are more than 100,000 service enterprises, both online, but also cable, the size of the line market in 12 billion -140 billion, the size of online market for more than 40 billion yuan. Despite the current online recruitment market, 51job and Zhaopin occupy a relatively large proportion, but the recruitment needs of Chinese enterprises are not well satisfied. '90% of the resume to 10% of large companies, as well as the remaining 90% of small and micro enterprises difficult to recruit people.' Wang Yuhao believes that the sale of ChinaHR is a symptom, the traditional tsubasa wigs online recruitment model, future It gives way to socializing recruitment. September 2012, Wang Yuhao creation of all is their reward headhunting taken recruitment, through the iOS and Android platforms APP application software, enterprise issued a reward recruitment, encouraging users to recommend qualified candidates, the user is successfully adopted will receive 70% of the bounty, another 30% owned headhunting as a platform for everyone. Wang Yuhao revealed that at present all headhunter has received the first round of venture capital, the development of more than 200 corporate customers, Cosplay Costumes successfully recommended the user to be able to get more than 1000 yuan reward (depending on the position of the recommended salary may be). Baidu search engine companies have joined the fray. Informed sources, when Baidu found 51job, Zhaopin and other annual investment of 150 million yuan ads on their site, you can get the conversion gain of more than 20 billion, also in January 2011 established a hundred primary recruitment. In addition, the fair, the city is also grabbing 58 regional, local recruitment market. 'Traditional sources of online job sites to recruit only a relatively low-end talent.' Talent management software company previously mentioned official said the recruitment of migrant workers, such as Foxconn, cable and agencies under the talent market, not high-end talent willing to put their resumes on the site to vote. However, it believes that social recruiting model can not be developed in China are still unknown, 'factor there cultural differences, but also with fullmetal alchemist wigs the maturity of the career development of the relevant market.' In fact, since the sample effect LindedIn of China there have been many imitators, but over the years, and not a stand out. 'China is not only Japan and South Korea did not.' The talent management software company said its exposure to many VC investors on LinkedIn model can be replicated in China, there are two schools of diametrically opposed views.