BEIJING, June 1, 2016 /PRNewswire/ -- Zhaopin Limited (NYSE: ZPIN) ("Zhaopin" or the "Company"), a leading career platform in China focusing on connecting users with relevant job opportunities throughout their career lifecycle, today announced that it has assisted the Chengdu Municipal Government in its efforts to bring highly skilled talents to companies operating in Chengdu, Sichuan Province by organizing a job fair in Shenzhen.
On May 14, 2016, Chengdu Municipal Government held a job fair in Shenzhen for companies in Chengdu as part of its efforts to turn Chengdu into western China's central hub for skilled talents. The mayor of Chengdu and officials from the Organization Department, Human Resources and Social Bureau and other relevant government departments of Chengdu all participated in the job fair.
To aid in Chengdu's transition from a manufacturing to talent-driven economy, the Chengdu Municipal Government has implemented a medium-to-high-end talent acquisition strategy to strengthen its competitive advantages. The Shenzhen job fair forms one part of this multifaceted strategy. To ensure the success of this project, Zhaopin has analyzed recruitment demands in Chengdu, especially within the information technology, biotechnology and pharmaceutical, finance and advanced manufacturing sectors, to disseminate targeted job postings to job seekers in Shenzhen leveraging its vast amount of local user data. In addition, Zhaopin has conducted a local talent survey in Shenzhen to identify trends in the flow of labor in the city.
As a result of Zhaopin's analytical capabilities and job matching algorithms, more than 50 companies from Chengdu conducted interviews with more than 300 candidates. Over 200 job openings with annual salaries ranging from RMB300,000 to RMB1 million were offered and 20 candidates have immediately signed job contracts following the job fair.
"Due to supportive government policies and fast growing local economies, cities in the western part of China, such as Chengdu, are attracting the attention of a growing number of job seekers, especially white-collar workers. Zhaopin will continue to work with governments on talent recruitment projects to help address imbalances between demand and supply in the growing labor markets in western China. We have the reach, scale, and a comprehensive suite of analytical capabilities and services to support government economic policies and objectives and ensure success," said Mr. Evan Guo, Chief Executive Officer of Zhaopin.
About Zhaopin Limited
Zhaopin is a leading career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company's zhaopin.com website is the most popular career platform in China as measured by average daily unique visitors in each of the 12 months ended March 31, 2016, number of registered users as of March 31, 2016 and number of unique customers for the three months ended March 31, 2016. The Company's over 115.3 million registered users as of March 31, 2016 included diverse and educated job seekers who were at various stages of their careers and were in demand by employers as a result of the general shortage of skilled and educated workers in China. In the fiscal year ended June 30, 2015, approximately 25.6 million job postings[1] were placed on Zhaopin's platform by 418,423 unique customers including multinational corporations, small and medium-sized enterprises and state-owned entities. The quality and quantity of Zhaopin's users and the resumes in the Company's database attract an increasing number of customers. This in turn leads to more users turning to Zhaopin as their primary recruitment- and career- related services provider, creating strong network effects and significant entry barriers for potential competitors. For more information, please visit http://www.zhaopin.com.
Safe Harbor Statements
This press release contains forward-looking statements made under the "safe harbor" provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Zhaopin may also make written or oral forward-looking statements in its reports filed with or furnished to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Any statements that are not historical facts, including statements about Zhaopin's beliefs and expectations, are forward-looking statements that involve factors, risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Such factors and risks include, but not limited to the following: Zhaopin's goals and strategies; its future business development, financial condition and results of operations; its ability to retain and grow its user and customer base for its online career platform; the growth of, and trends in, the markets for its services in China; the demand for and market acceptance of its brand and services; competition in its industry in China; its ability to maintain the network infrastructure necessary to operate its website and mobile applications; relevant government policies and regulations relating to the corporate structure, business and industry; and its ability to protect its users' information and adequately address privacy concerns. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is current as of the date of the press release, and Zhaopin does not undertake any obligation to update such information, except as required under applicable law.
| [1] Zhaopin calculates the number of job postings by counting the number of newly placed job postings during each respective period. Job postings that were placed prior to a specified period - even if available during such period - are not counted as job postings for such period. Any particular job posting placed on the Company's website may include more than one job opening or position. |
For more information, please contact:
Zhaopin Limited
Ms. Daisy Wang
Investor Relations
ir@zhaopin.com.cn
Christensen
In China
Mr. Christian Arnell
Phone: +86-10-5900-1548
E-mail: carnell@christensenir.com
In U.S.
Ms. Linda Bergkamp
Phone: +1-480-614-3004
Email: lbergkamp@christensenir.com
