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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