Chinese Internet recruitment website 51job.com published its financial report for the first quarter ended March 31, 2013, stating that its total operating revenue was CNY380.4 million, a year-on-year decrease of 0.1%, and its net profit was CNY108.8 million, a year-on-year decrease of 9.7%.
Chinese B2B e-commerce group Alibaba has announced plans to launch a CNY3 billion housing loan scheme for its employees and a CNY500 million education fund to solve the preschool and primary education problems of children of its employees.
According to rumor spreads on the Chinese Internet, Shanda Interactive Entertainment Limited, a top interactive entertainment media and online game company in China, plans to cut over 400 employees.
Microsoft’s MSN China has announced the appointment of a new management team to enhance its management structure of technology and operation teams.
Song Zhongjie, Google China’s general manager for sales resigned on April 16, 2010, and will reportedly join the Chinese lifestyle website Aibang.com as president.
According to an insider from the Chinese search engine company Baidu.com, Wang Jin, former vice director of Google China Engineering Research Institute, will join Baidu.com as vice president for technology, making him the first top Google China executive to join Baidu.com in recent months.
Renren.com, the social networking site owned by Oak Pacific Interactive, has launched a beta test version of its new online recruitment platform named alpha, marking Oak Pacific Interactive’s entry into the Chinese online recruitment sector.
