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.
“Our B round investor, Cathay Innovation, will accumulate resources from Europe and the United States to share with eCheng, which will further help us advance our recruitment SaaS, transaction services, and data integration services,” said Zhouyou Hong, CEO of eCheng, in a statement.
Established in July 2012, eCheng is headquartered in Shanghai, and has offices in Beijing, Shenzhen, and Wuhan. The company completed an undisclosed amount of Series A financing led by Lightspeed in October 2014.
The recruiting market in China is dominated by Lagou, 51Job, 58Ganji, and Zhaopin. Another Shanghai-based Big Data-driven recruitment company is Seedlink, which analyzes applicants’ answers to open end questions to predict who fits the job the best.
Image Credit: eCheng