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Ant Financial, FESCO and Adecco Group co-found WoWooHR to create the new e "Inclusive HR" ethos

2016-11-04 19:31 4693

SHANGHAI, Nov. 4, 2016 /PRNewswire/ -- Today, Ant Financial Services Group, FESCO Group and the Adecco Group have signed a joint venture agreement to establish WoWooHR -- a SaaS based human resources service platform.

WoWooHR Investment Celebration
WoWooHR Investment Celebration

 

WoWooHR Investment Celebration
WoWooHR Investment Celebration

With the co-founding and investment of these three leaders, the new "online HR service brand" leads the way in the digitalization of traditional HR services and creates the new "Inclusive HR" ethos. The principle of the brand is that any employee in any company will be able to enjoy highly professional and exceptional HR services.

Currently, over 770 million people in China are in employment, yet only 20 million enjoy HR services, justifying the value of "Inclusive HR". WoWooHR has a strong relationship with traditional HR service corporations nationwide, combining both online and offline knowledge, which allows it to provide efficient and comprehensive "Internet Plus HR" services.  Among those services is the new WoWooHR "Knowledge Hall", a HR platform which shares with its users more than 30 years of experience in HR and policy, a strong differentiator on the market. Through this intelligent research tool, HR teams and employees can access policies and guidelines anytime, anywhere, and enjoy the affordable and valuable service by SSC (Share Service Center).

Sam Zeng, Vice President of Ant Financial Services Group and Board Member of WoWooHR, said: "The collaboration truly enriches our ecosystem and enables us to support every small and micro business more precisely and promptly from a human resources perspective."

Lu Ping, Deputy General Manager of FESCO Group, added: "WoWooHR is our confidence in realizing the vision of "Inclusive HR" by joining hands with Ant Financial Services Group & the Adecco Group, focusing on providing access to affordable and responsible human resources services to organizations, enterprises & employees."

Federico Vione, Chief Sales & Innovation Officer of the Adecco Group, stated: "Digital is an Adecco Group strategic priority, and WoWooHR represents the perfect fit in our plan. We are delighted with this agreement with two strong Chinese partners, FESCO and Ant Financial, and we look forward to developing this exciting journey together."  

About WoWooHR

WoWooHR is an online HR platform, which was co-founded by Ant Financial Services Group, FESCO Group and the Adecco Group. WoWooHR uses the latest mobile online technology, intelligent technology, big data management and the cloud platform, to form a platform which employees, enterprises and HR service providers can use together to create "Inclusive HR" – an ethos that allows any employee in any company to enjoy highly professional, appropriate, efficient and high quality HR services.

About Ant Financial Services Group

Ant Financial Services Group (Ant Financial) was officially founded in October 2014 and originated from Alipay which is the world's leading third-party payment platform founded in 2004. With its vision of "bringing small and beautiful changes to the world," Ant Financial is dedicated to creating an open ecosystem, enabling financial institutions and partners to make rapid progress towards "Internet Plus" goals through its "Internet Booster Plan," and providing inclusive financial services to small and micro enterprises and individual consumers.

Businesses operated by Ant Financial and its invested/controlled companies include Alipay, Ant Fortune, Zhima Credit, MYbank and Ant Financial Cloud, covering payment, wealth management, independent credit scoring and reporting, private bank and cloud computing services. Ant Financial's invested/controlled companies and affiliates also work closely with Ant Financial to support its ecosystem.

About FESCO Group

Beijing Foreign Enterprise Human Resources Service Co., Ltd. (FESCO), was founded in 1979 and was the first company in China to provide professional human resources services to foreign enterprises' representative offices in China, foreign financial institutions and economic organizations. FESCO has a long history of providing professional HR services and with its vast experience in the market is fully qualified to provide such services. As one of the top 500 enterprises in China, FESCO is the primary HR strategic partner for multinational companies in China and is reputed to be the best in competitiveness and brand value in China's HR service industry.

About the Adecco Group

The Adecco Group, based in Zurich, Switzerland, is the world's leading provider of HR solutions. With more than 33,000 FTE employees and around 5,100 branches in 60 countries and territories around the world, the Adecco Group offers a wide variety of services, connecting around 700,000 associates with our clients every day. The services offered fall into the broad categories of temporary staffing, permanent placement, career transition and talent development, as well as outsourcing and consulting. The Adecco Group is a Fortune Global 500 company.

Adecco Group AG is registered in Switzerland (ISIN: CH0012138605) and listed on the SIX Swiss Exchange (ADEN).

Photo - http://photos.prnasia.com/prnh/20161104/0861611668-a
Photo - http://photos.prnasia.com/prnh/20161104/0861611668-b

Source: FESCO Adecco
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