Chinese online recruitment platform seeks Hong Kong IPO

Imaginechina

Chinese online recruitment agency Liepin.com is seeking an IPO in Hong Kong.

Headquartered in Beijing and founded in 2011, the platform focuses on executive talent.

Liepin.com had 3.9 million registered members at the end of last year, according to its prospectus.

The company made 7.55 million yuan (US$1.2 million) in net profit last year after suffering losses in the previous two years.

The growing recruitment market in China has given rise to domestic players like zhaopin.com and zhipin.com and attracted foreign players like LinkedIn.

The company, which put its valuation at US$1 billion, received a D-round financing of more than US$100 million in 2016.