CareerBuilder.com Partners With 51job to Expand Into China
CHICAGO, August 23, 2006 -- CareerBuilder.com, the U.S.’s largest online job site with more than 23 million unique visitors* and over 1.5 million jobs, announced it is adding another partner, 51job, Inc., to its international network to bring more recruitment resources to employers and job seekers. 51job is China’s leading human resource services provider and operates www.51job.com, the Web site with the most registered members, the largest resume database and the highest daily traffic in China.
Under the exclusive agreement, CareerBuilder.com and 51job will have links to each other on their sites as well as sell job postings and access to their resume databases. The alliance will provide job seekers in both countries instant access to a multitude of new job opportunities in virtually every industry.
"The recruitment landscape has changed dramatically; employers now need to have access to candidates in multiple countries," said Farhan Yasin, President of the International Group at CareerBuilder.com. "Partnering with 51job will not only introduce CareerBuilder.com clients to China’s most influential recruitment site and vice versa, it will allow CareerBuilder.com access to the fast-growing Chinese recruitment market."
"We are delighted to collaborate with CareerBuilder.com in the U.S. and Canada," said Rick Yan, President and Chief Executive Officer of 51job, Inc. "We believe this alliance will allow both companies’ clients access to millions of potential candidates."
*comScore Media Metrix, May 2006
About 51job
51job, Inc. (Nasdaq: JOBS) is a leading provider of integrated human resource services in China with a strong focus on recruitment related services. Offering a broad array of products and services, 51job connects millions of job seekers with employment opportunities and streamlines the recruitment process and human resource administration for tens of thousands of companies in China. Through print advertisements in 51job Weekly and online recruitment services at www.51job.com, both domestic Chinese employers and multinational companies alike are able to attract, identify and recruit new employees. 51job also provides executive search services and a number of other value-added human resource services, including training, business process outsourcing and salary surveys. 51job's nationwide office network in China spans 25 cities operating 23 local editions of 51job Weekly and Hong Kong.
About CareerBuilder.com
CareerBuilder.com is the nation’s largest online job site with more than 23 million unique visitors and over 1.5 million jobs. Owned by Gannett Co., Inc. (NYSE:GCI), Tribune Company (NYSE:TRB), and The McClatchy Company (NYSE:MNI), the company offers a vast online and print network to help job seekers connect with employers. CareerBuilder.com powers the career centers for more than 900 partners that reach national, local, industry and niche audiences. These include more than 150 newspapers and leading portals such as America Online and MSN. More than 250,000 employers take advantage of CareerBuilder.com's easy job postings, 18 million-plus resumes, Diversity Channel and more. Millions of job seekers visit the site every month to search for opportunities by industry, location, company and job type, sign up for automatic email job alerts, and get advice on job hunting and career management. For more information about CareerBuilder.com products and services, visit http://www.careerbuilder.com.
Safe Harbor Statement
Statements in this release regarding certain anticipated business prospects resulting from the alliance constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon 51job management’s current expectations, and actual results could differ materially. Among the factors that could cause the 51job’s actual results to differ from what the company currently anticipates are behavioral and operational changes of customers in meeting their human resource needs as they respond to evolving social, economic and political changes in China; introduction by its competitors of new or enhanced products or services; price competition in the market for the various human resource services that 51job provides in China; and fluctuations in general economic conditions. For additional information on these and other factors that may affect the 51job’s financial results, please refer to the company’s filings with the Securities and Exchange Commission. 51job undertakes no obligation to update these statements or as a result of new information, future events or otherwise.
CareerBuilder Media Contact
For all media inquiries and interview requests, contact:
Jennifer Grasz
(P) 773-527-1164
(E) jennifer.grasz@careerbuilder.com