Meridian Capital-Backed Zhipin.com Lands on Nasdaq
06/11/2021 - 01:53 PM
BEIJING , June 11, 2021 /PRNewswire/ -- On June 11 , China's largest online recruitment platform, Zhipin.com, successfully listed on the Nasdaq Stock Exchange, with the stock code BZ. In this IPO, 48 million American Depositary Shares (ADS) were issued, and the total funds raised exceeded USD1 billion . The company's overall valuation exceeds USD8 billion .
Meridian Capital is an important institutional investor of Zhipin.com. After Zhipin.com's founding in 2014, an in-depth communication between Meridian Capital and Zhipin.com's founders started at the beginning of 2015, and by September of that year Meridian Capital had developed the investment framework and term sheet to become the company's lead investor in the first round of Series C funding.
Subsequently, Meridian Capital increased its investment in Series C2 financing, and has been helping and accompanying the growth of Zhipin.com for more than 6 years.
Ji Wei , the founding Managing Partner of Meridian Capital, said, Zhipin.com has subverted the traditional resume-centric recruitment mode, promoting the efficient connection between recruiters and job seekers, and greatly improving the efficiency of talent matching.
In this case, initially, Meridian Capital was also a user of Zhipin.com, and later became its investor.
Meridian Capital is a leading venture capital firm in China . Up to now, Meridian Capital has managed over RMB8.5 billion of capital and invested in more than 190 companies. Meridian Capital has continually been active in the digital economy space, especially with regard to technology empowerment enterprises.
In addition to Zhipin.com, Meridian Capital has also invested in industry leading companies including Weimob, Biren Technology, DeepBlue Technology, Joyou.com, Beagledata. Meridian Capital has acted as the lead investor for 91% of all of its investment projects.
From the statistical data it can be seen that Meridian has successfully exited from more than 40 portfolios either through an IPO or through M&A, and nearly two-thirds of the companies it has invested in have completed multiple subsequent rounds of financing.
In the future, there is still considerable room for growth for Zhipin.com. CIC research data shows that the scale of China's online recruitment market is expected to increase from RMB55.1 billion in 2020 to RMB223.4 billion in 2025, with a CAGR of 32.3% .
Contact: gloria.xiang@meridiancapital.com.cn
http://www.prnewswire.com/news-releases/meridian-capital-backed-zhipincom-lands-on-nasdaq-301311014.html
SOURCE Meridian Capital
BZ Rankings
#567 Ranked by Stock Gains
About BZ
“boss直聘”是一款在全球范围内首创互联网“直聘”模式的在线招聘app，于 2014 年 7 月 13 日上线，致力于为职场 boss 和求职者搭建高效沟通、信息对等的平台。boss 直聘产品的核心是“直聊+精准匹配”，通过将在线聊天功能引入招聘场景，让应聘者和用人方直接沟通，从而跳过传统的冗长应聘环节，提升沟通效率。同时，boss 直聘应用前沿大数据技术，不断追求岗位与人才的多维度精准推荐与匹配，提升招聘效果。 boss 直聘目前已成长为中国最大的移动互联网招聘平台，拥有目前国内最大最丰富的招聘求职行为数据库和领先的机器学习能力。boss 直聘的用户遍布全国350 余座城市，并开设有北京、上海、深圳、广州、成都、杭州、西安、武汉、 青岛、郑州和南京等 18 个分公司。boss 直聘以迅猛的成长速度和良好的服务品质获得了业界广泛认可，连续斩获业界大奖。2016 年 12 月, 公司获得国家高新技术企业资质。2017年，boss直聘在美国开设分公司，开启出海计划。 founded in 2013, kanzhun ltd. is one of china's largest recruitment corporations driven by state-of-the-art technology and first-hand big data. the corporation currently operates three individual brands: kanzhun.com, showcasing company and salary information; boss zhipin, delivering unparalleled hiring experience for both recruiters and job seekers; shop zhipin, offering an efficient platform that targets customer service-oriented labor market. since the first day of launch, boss zhipin aims at simplifying the recruiting process and ensures smooth tran
