FAST NEWS: Morgan Stanley cuts stake in Tongdao Leipin
The latest: U.S. banking giant Morgan Stanley disclosed it sold about 228,000 shares of Tongdao Leipin Group (2013.HK) on Dec. 11, lowering its stake from 5.02% to 4.97%, according to a…
Kanzhun chronicles China’s job rebound, as investors frown on company’s high costs
The country’s leading recruitment services company returned to revenue growth in the first quarter, but its spending rose at an even faster rate Key Takeaways: Kanzhun reported its revenue rose…
Kanzhun cranks up spending, even as others tighten belts
China’s leading online recruitment platform’s operating costs soared 70% in last year’s fourth quarter, pushing the company into the red Key Takeaways: Kanzhun’s revenue was flat in the fourth quarter,…
Buyout Group Slashes Offer for 51Job, Others to Follow?
Human resources stalwart announces new privatization bid at $57.25 per ADS, down sharply from previous offer of $79.05 Key Takeaways: A buyout group attempting to privatize 51Job has slashed its…
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…
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…
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…