Big Data-driven recruitment platform eCheng (e成) announced an undisclosed amount of Series B financing on Wednesday, led by Cathay Innovation Fund and previous investor Lightspeed China Partners.
eCheng is a B2B SaaS platform that provides HR matching and resume screening for enterprises. Using machine learning, data mining, and NLP (natural language processing), the company categorizes resumes that best fit the job requirements of the client company. As of February 2016, the Shanghai-based company reportedly provided resume management services for 40,000 enterprise users including Tencent, Alibaba, iSoftStone, and Vanke.
The number of internet companies in China that are recruiting exceeded 5 million in 2015, according to eCheng. The company provides basic services for free, and takes a ‘Business Intelligence‘ service fee, as well as a service fee based on the effectiveness of the service. The company reported that it has broken even.
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