Boss Zhiping, the Chinese digital job listing platform, has recently reported possible intentions to go public after a over a year of encouraging profits according to CEO and Founder Zhao Peng. The announcement was made at the company’s 5th anniversary celebration event held recently in Beijing.
Why it’s important: In China, nearly 200 million people looked for jobs online in 2018, up 15.0% from a year earlier, according to a report from research institute iiMedia Research.
“China’s 200 million white-collar workers change their jobs every 24 months and each job change takes two months. The country’s 400 million blue-collar workers change their jobs every six months and it takes them an average of two weeks to find a new job. If we can increase the matching efficiency by 20%, the time and manpower saved are equivalent to a whole year of work hours for 10 million people.”
— Zhao Peng, Boss Zhiping CEO
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