Zhaopin CEO Predicts Zero Growth for Online Recruitment in 2009
China Business News, 11/26/08
Liu Hao, CEO of online recruitment website Zhaopin, has stated that in 2009 it is possible that the Chinese online recruitment market will see zero percent growth. Liu added that over the last four years Zhaopin had maintained an 80-100% annual growth rate, but that since November this year, Zhaopin has already seen a 30-50% drop in growth. Liu predicts that the industry is now heading for its first adjustment period.
Liu also mentioned that due to the current financial crisis, Zhaopin would be delaying its previous plans to go public in 2010.
Keywords: 2009 growth rate Internet Liu Hao online recruitment Zhaopin
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