Human resources firm 51job will acquire a 60% stake in tech-focused online hiring platform Lagou, which had previously raised about $65m in funding.
Human resources provider 51job has agreed to pay $119m in cash for a 60% stake in Lagou, the China-based online recruitment platform backed by media group Bertelsmann.
Founded in 2013, Lagou runs an online recruitment site with about 14 million registered users. The company, which focuses on engineering and technology positions, intends to launch an initial public offering in the US in 2019, according to the South China Morning Post.
Decent Ventures and ZhenFund supplied an undisclosed amount of funding…
