US based Monster reportedly sold ChinaHR.com at US$ 30 million as part of its move to pull back from some of its global markets. Monster invested a total of US$ 243 million into the Chinese career service over the past 8 years.
Monster itself wasn’t in good shape lately as the service incurred US$ 194.2 million in net loss in the third quarter of last year. ChinaHR.com also lost US$ 233 million over the same time period. Selling the blooding arm could be one of the quickest solution to partially shore up Monster’s financial status.