As a latecomer of the crowded Chinese online recruitment industry, tech hiring service Lagou has been voracious in raising funds over the past one-year period since its establishment in July 2013. The company recently announced another financing round led by Qiming Ventures and followed by Bertelsmann.

Before this round, Lagou has raised 2 million yuan angel investment from Chinese leading angel investor Bob Xu and Zeng Liqing, as well as US$5 million in Series A from Bertelsmann earlier this year.

Lagou is a job-matching platform to connect tech talents and companies to facilitate the recruitment process. Different from other hiring services, the site adopts a back-end payment model, enabling recruiters to post positions and job seekers to browse jobs free of charge. Recruiters have to pay around 20% of job seekers’ monthly salary if the recruitment succeeds.

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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.