BEIJING, Jan. 22, 2017 /PRNewswire/ — Zhaopin Limited (ZPIN) (“Zhaopin” or a “Company”), a heading career platform in China focused on joining users with germane pursuit opportunities via their career lifecycles, currently announced it has partnered with tellurian business, financial information and news personality Bloomberg for a placement of China practice data.
The agreement creates a CIER Employment Index, a pivotal indicator of China’s labor market, accessible to users of a Bloomberg Terminal. Based on information from Zhaopin’s online platform, a quarterly CIER Employment Index is jointly published by Zhaopin and a China Institute for Employment Research (“CIER”) during Renmin University.
Tracking a ratio changes between pursuit vacancies and pursuit seekers in a accumulation of industries and cities opposite a country, a CIER Employment Index identifies a altogether trend in China’s practice market.
Launched in Jan 2011, a CIER Employment Index has spin a heading barometer of China’s labor marketplace and macro-economic environment, and is a useful anxiety for supervision decision-makers, employers and pursuit seekers in a country.
Users of Bloomberg Professional use can now find a Zhaopin CIER China Employment Index in mercantile information underneath China’s Labor Market hierarchies by opposite sub-categories, including industries, regions and firm-size. The Zhaopin CIER China Employment Index is accessible to Bloomberg users in both Chinese and English, and will be updated quarterly.
“We are gratified to make a CIER index accessible to Bloomberg users,” pronounced Mr. Evan Guo, Chief Executive Officer and Director of Zhaopin. “As a many renouned career height in China, Zhaopin provides energetic and real-time large information on China’s labor market. We are leveraging such large information to yield profitable insights into China’s labor market.”
The CIER index measure is distributed by dividing a series of pursuit vacancies during a specified duration by a series of singular pursuit seekers during a same period. A CIER index measure of some-more than 1 indicates that a labor marketplace is booming, with some-more vacancies than pursuit seekers. A CIER index measure of reduction than 1 indicates that a labor marketplace foe is intensifying, with some-more pursuit seekers than accessible vacancies.
Zhaopin expelled a CIER Employment Index Report for a fourth entertain of 2016 final week. The CIER index continued a ceiling trend and reached 2.41 in a fourth entertain of 2016, adult from 2.22 in a third entertain and 1.93 in a second quarter. The rising CIER index indicated that a altogether economy and a labor marketplace in China continued to collect adult in a fourth quarter.
About Zhaopin Limited
Zhaopin is a heading career height in China, focusing on joining users with germane pursuit opportunities via their career lifecycle. The Company’s zhaopin.com website is a many renouned career height in China as totalled by normal daily singular visitors in any of a 12 months finished Sep 30, 2016, series of purebred users as of Sep 30, 2016 and series of singular customers for a 3 months finished Sep 30, 2016. The Company’s over 125.2 million purebred users embody different and prepared pursuit seekers who are during several stages of their careers and are in direct by employers as a outcome of a ubiquitous necessity of learned and prepared workers in China. In a mercantile year finished Jun 30, 2016, approximately 36.9 million pursuit postings were placed on Zhaopin’s height by 509,813 singular business including multinational corporations, tiny and medium-sized enterprises and state-owned entities. The peculiarity and apportion of Zhaopin’s users and a resumes in a Company’s database attract an augmenting series of customers. This in spin leads to some-more users branch to Zhaopin as their primary recruitment and career- associated services provider, formulating clever network effects and poignant entrance barriers for intensity competitors. For some-more information, greatfully revisit http://www.zhaopin.com.
Bloomberg, a tellurian business and financial information and news leader, gives successful preference makers a vicious corner by joining them to a energetic network of information, people and ideas. The company’s strength – delivering data, news and analytics by innovative technology, fast and accurately – is during a core of a Bloomberg Professional service. Bloomberg’s craving solutions build on a company’s core strength: leveraging record to concede business to access, integrate, discharge and conduct information and information opposite organizations some-more well and effectively. For some-more information, revisit http://www.bloomberg.com or request a demo.
Safe Harbor Statements
This press recover contains forward-looking statements done underneath a “safe harbor” supplies of Section 21E of a Securities Exchange Act of 1934, as amended, and a U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by vernacular such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and identical statements. Zhaopin might also make created or verbal forward-looking statements in a reports filed with or furnished to a U.S. Securities and Exchange Commission, in a annual news to shareholders, in press releases and other created materials and in verbal statements done by a officers, directors or employees to third parties. Any statements that are not chronological facts, including statements about Zhaopin’s beliefs and expectations, are forward-looking statements that engage factors, risks and uncertainties that could means tangible formula to differ materially from those in a forward-looking statements. Such factors and risks include, though not singular to a following: Zhaopin’s goals and strategies; a destiny business development, financial condition and formula of operations; a ability to keep and grow a user and patron bottom for a online career platform; a expansion of, and trends in, a markets for a services in China; a direct for and marketplace acceptance of a code and services; foe in a attention in China; a ability to say a network infrastructure compulsory to work a website and mobile applications; germane supervision policies and regulations relating to a corporate structure, business and industry; and a ability to strengthen a users’ information and sufficient residence remoteness concerns. Further information per these and other risks, uncertainties or factors is enclosed in a Company’s filings with a U.S. Securities and Exchange Commission. All information supposing in this press recover is stream as of a date of a press release, and Zhaopin does not commence any requirement to refurbish such information, solely as compulsory underneath germane law.
For some-more information, greatfully contact:
Ms. Daisy Wang
Mr. Edmond Lococo
Phone: +86 10 6583-7510
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