"Among the three major domestic recruitment giants, 51job is the only profitable one."
On March 4th, during the release of 51job's (Nasdaq: JOBS) financial report for the fourth quarter and the entire year of 2007, 51job CEO Fred Yuen made a stunning statement.
According to the financial report, in 2007, 51job's total revenue reached RMB 844 million, an increase of 21.0% compared to the same period in 2006, with a net profit of RMB 159 million, representing a year-on-year increase of 15.6%.
Price War
Currently in China, recruitment websites of various sizes continue to emerge, but a tripartite situation has already formed among 51job, ChinaHR, and Zhaopin.