On April 22 , baicai.com announced that it has received RMB20 million venture investment from Tiande Venture, a Zhejiang-based private venture investment firm.
 
Dongdong Wang, Investment Manager of Tiande Venture, said that baicai.com has cooperated with hundreds of domestic websites of different industries through the vertical search technology. Based on the cooperation, the independent operation teams from each industry will be responsible for attracting offline recruitment and job-hunting "circles" to the Internet.

Ting Huang, General Manager of baicai.com, revealed that baicai.com possesses 1.5 million registered members and 200,000 registered enterprises. This investment received will be mainly used for team and product mode construction.

To conduct investment in early-stage projects, Tiande Venture is an investment firm established mainly with the capital of Zhejiang Tiande Holding Group Co., Ltd. Its Network Industry Venture Park set up in 2006 has provided "funds plus resources plus experience" for nine enterprises in the mode of "venture investment plus park area" for a total of more than RMB30 million.