Monster Sold ChinaHR.com for $30M, Pulling back from China

Posted by Joachim Bartels | Jan 30, 2013 | China, HR Information Services, Monster.com, Ownership Changes of Information Companies, Uncategorized, United States | 0 |

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.

Source: Technode.com

About The Author

Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.