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 offer by 28% in light of economic and regulatory challenges Other companies in the process of similar privatizations, such as So-Young, iClick and Fanhua, could follow with similar reduced offers By Doug Young Brother, can you spare $22? That variation to the famous line from the Great Depression-era song could well be the latest mantra from online human resources stalwart…

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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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