Irish company Saongroup.com (trading in Ireland as IrishJobs.ie), one of the fastest growing online recruitment groups in the world, today formally launched its new Shanghai business SHjob.cn and announced the acquisition of a further online recruitment business in Beijing called MyJob.com
Speaking at the launch of SHjob.cn in Shanghai, Minister Micheál Martin TD, said, “The goal is to turn SHjob.cn into the leading portal for online employment and recruitment in Shanghai drawing on the successful experiences of Saongroup.com in its overseas business. It is an excellent and very exciting example of the growing economic cooperation between Ireland and China.”
At the same event, Leslie Buckley, Chairman of Saongroup.com expressed his optimism for Shanghai’s market, “Shanghai is a fascinating city with great economic potential. I firmly believe that our investment here will result in a powerful, professional and interactive platform of recruitment and employment for both businesses and individual users. This is the first acquisition for Saongroup.com in Shanghai and we plan a total investment of 10 million Euros (100 million RMB) in Shanghai in 2006 alone.”
As part of the continued Chinese expansion, today Saongroup.com also announced the acquisition of MyJob.com for an undisclosed sum. MyJob.com is a leading Beijing online recruitment site and is one of the Top 10 recruitment sites in China (source: Alexa). Founder and Managing Director Zhong Bin will stay on to run the company.
Beijing, as the capital of China, is the political and cultural centre and is the hub of national and international exchange. It is an energetic and flourishing industrial city. Major transformation in the economy has given Beijing a sustained, rapid and sound economic growth. A city of nearly 15 million people. It has over 23,000 industrial enterprises and ranks top among the 40 best cities in China in terms of investment.
According to the “China Internet Development Report”, there were 111 million internet users in China in 2005 and 30% of them are searching for jobs online. Online job searching has become the first choice for people to find a new job. Concurrently, the percentage of companies using online services for head hunting and recruitment has increased rapidly. Economic growth in China targeted to hit 9.2% this year
To tap into this growing market, Saongroup.com has adopted a “localized strategy” for expansion in China and plans to operate market leading online recruitment sites in all the major business regions.