America’s top recruiting site Monster reportedly sold at US$ 30 million as part of its move to pull back from some of its global markets. Monster invested a total of US$ 243 million into the Chinese career service over the past 8 years.

Monster itself wasn’t in good shape lately as the service incurred US$ 194.2 million in net loss in the third quarter of last year. also lost US$ 233 million over the same time period. Selling the blooding arm could be one of the quickest solution to partially shore up Monster’s financial status.

As a matter of fact, ChinaHR has been in red for seven consecutive years after acquisition, its market share was also declining severely in face of competition from 51job and According to iResearch, in 2012 Q3, ChinaHR’s revenue was only 14% of that of

ChinaHR homepage

Image Credits:

She reads, travels, photographs and writes, with interests in chronicling China tech scene and interpreting how technology disrupts the way people live.

Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.