Chinese recruitment service Lieping announced that it raised $70 million of Series C financing led by Warburg Pincus and followed by existing investor Matrix Partners. The fund will be used in R&D and platform construction, according to Dai Kebin, founder and CEO of the company.

Liepin is focused on providing recruiting services for top-tier talents. Different from most of the traditional recruiting sites which serve as information distribution platforms and gain revenues from advertisements, Liepin gives priorities to providing paid and offline services to customers.

Liepin targets at three kinds of clients, headhunters, talents (2C) and enterprises (2B). The company’s revenue mainly comes from 2B (post jobs, download resumes, advertisers) and 2C (send resumes, get contacts of enterprises or headhunters) businesses. The service for headhunters is free because their existence accelerates the collection of user data and brings more opportunities to users, according to the company.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.