Internet Stalwart 51job Shrugs Off Investors Ahead of Wall Street Exit

Company’s latest earnings show its quarterly profit dived on soaring marketing costs, as it anticipates ending its 17-year run on Wall Street by year-end Key Takeaways: •      51job’s second quarter results could be its last as a listed company as it anticipates completing a year-old privatization bid by the end of this year •      Company remains a major force in China’s online recruitment industry, though was recently overtaken for the top spot by the younger Kanzhun By Thomas Zhang It’s been a miserable summer for U.S.-listed Chinese companies, many of…

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Employment Specialist Kanzhun Shows It’s Down, But Not Out, With First-Ever Profit

Company posts 174% revenue jump in second quarter, but warns an ongoing cybersecurity review is likely to continue through at least the end of September Key takeaways: Kanzhun has posted its first-ever quarterly profit, fueled by a 174% jump in revenue Company warns that a cybersecurity review and concurrent freeze on new user signups is affecting its business, and could last through at least the end of September By Doug Young The maiden quarterly earnings report from leading online jobs specialist Kanzhun Ltd. (BZ.US), best known in China for its…

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Employment Bigshot Kanzhun Eyes China’s Blue-Collar Workers as Shares Soar in IPO

Company looks for success as a publicly traded jobs specialist despite lackluster performance for other listed peers Key points: Job matcher Kanzhun gets seal of approval from investors as stock soars on New York trading debut Company will need to leverage expertise to move into related areas or risk ending up like slow-growth listed peers By Ben Livesey The future of China’s post-pandemic economy may be clouded by mixed signals on growth, demand and supply, jobs and inflation. But that’s just fine with Kanzhun Ltd. (Nasdaq: BZ), an online recruitment…

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