On the evening of June 11, 2021, BOSS Zhipin, the portfolio company of Hua Ying Capital—a sub-fund invested in by the flagship fund managed by Yuanhe Chencun—officially began trading on the Nasdaq under the stock symbol BZ.

In 2014, BOSS launched its direct-hiring model, entering the recruitment industry with a direct-chat approach. This allowed job seekers and recruiters to connect and interact directly via a mobile app, breaking away from the traditional one-way process of online recruitment platforms—where candidates uploaded their resumes and employers manually downloaded them.

The prospectus shows that in March 2021, BOSS Zhipin had 30.6 million monthly active users (MAU). The average MAU in 2020 was 19.8 million, a 73.2% year-on-year increase compared to 2019. According to a report by CIC (Zhuoshi Consulting), BOSS Zhipin has become the largest online recruitment platform in China by MAU. Regarding the average mobile MAU growth rate in 2020, BOSS Zhipin was the fastest-growing company among the top five online recruitment platforms in China.

According to the prospectus data, as of March 31, 2021, BOSS Zhipin had served a total of 85.8 million verified job seekers, with 13 million verified enterprise users and supporting 6.3 million certified businesses. The company’s revenue primarily comes from its online recruitment services tailored for corporate clients. Customers can choose to purchase small-scale, short-term services independently online, or they can engage BOSS Zhipin’s dedicated sales team for comprehensive support when dealing with larger, long-term recruitment needs.

Following this IPO, BOSS Zhipin will ramp up its investments in tech infrastructure and research for job recruitment, enhancing its technological capabilities—particularly in AI-powered recruitment services. Additionally, the company will increase funding for new products and services, expanding its reach to serve a broader range of users across more regions and industries.