Guangzhou-based Jiuwei Information Technology, operator of mobile part-time job information app "Part-time Cat," recently announced the completion of RMB 160 mln in Series C funding from men's wear brand Joeone Co. (601566.SH) and Shoutai Jinxin Equity Investment in late 2017.
With the funding, Part-time Cat has launched a new business line, "Luyong" (literally "Deer Use," a homophone for "hiring"), to expand into the full-time job market. The company has already purchased the domain name luyong.com, revealed CEO Wang Ruixu.
While Part-time Cat targets the short-to-medium-term part-time job scenario, Luyong focuses on the medium-to-long-term full-time job scene. Each service has its own mobile app, but they are interconnected so companies can post job announcements from a unitary backend. Luyong has acquired 100,000 users in the two months since its launch through traffic from Part-time Cat and advertising. A web-version of Luyong will launch in August.
Part-time Cat currently has 850,000 registered companies, 20 mln mobile users, and covers 283 cities across China.
Editor's Note: For more information on this topic, please see "Part-time Job Info App 'Part-time Cat' Secures RMB 8-digit Series B," MD 9/07/17 issue.