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Rumor: 58.com to Acquire Online Recruitment Site ChinaHR

Sina Tech, 5/07/15

Chinese online classifieds site 58.com (NYSE: WUBA) has reportedly struck a deal to acquire online recruitment site ChinaHR, with an announcement to come as early as this week. Currently 58.com has declined to comment on the rumors and ChinaHR did not respond to inquiries. Irish recruitment company Saongroup, which also operates Chinese online recruitment site Myjob.com, purchased ChinaHR in 2013 for USD 30 mln.

Editor's Note: For more information on this topic, please see "Monster Sells ChinaHR to Irish Online Recruiter Saongroup," MD 2/05/13 issue.

Keywords: Internet online classifieds 58.com ChinaHR online recruitment Saongroup WUBA M&A

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