On July 9, Zhaopin.com completed a new round of financing worth US$110 million, marking the largest investment in the online recruitment industry in China in recent years. It is also the second mega venture capital investment deal after Xiaonei.com attained US$430 million of syndication investment. Additionally, it is the largest investment for Zhaopin.com in a single round since its inception in 1997. The two lead investors participating in this round of financing are Macquarie Capital (the largest investment bank in Australia) and SEEK Limited (SEEK), which is Zhaopin.com¡¯s existing strategic investor and the largest online recruitment company in Australia.

SEEK reportedly invested US$45 million and Macquarie Capital invested US$65 million. The other existing investors invested US$5 million.

According to Mr. Hao Liu, Zhaopin.com CEO, Zhaopin.com will use the proceeds from this round financing to achieve its goal of becoming the No. 1 human resources service provider in China. It is estimated that Zhaopin.com will attain a successful IPO by 2010.