China Digest: HR startups KNX, CareerFrog raise funding

Qiming Venture
A clerk counts Chinese yuan and U.S. dollar banknotes at a branch of Bank of China in Taiyuan

In a couple of deals related to HR companies, Shanghai-based KNX has raised investment from a number of firms including Oriental Fortune Fund and Everbright Securities. Meanwhile, CareerFrog, a job searching training platform, has got a series B investment from Huatu Capital.

KNX gets millions in RMB financing

Shanghai-based HR services provider KNX  has raised millions of RMB from investors including Asia focused private equity funds, according to Technode.

Investors participating at the round include Oriental Fortune Fund managed by Oriental Fortune Capital from Shenzhen, Everbright Securities, one of the largest securities broking business in China, Shenwan Hongyuan Securities, a Hong Kong listed securities company and Morgan Stanley Private Equity Asia, a leading private equity investors in Asia Pacific.

Shen Jian is the founder and CEO of KNX. The company is looking forward to integrate cross-border resources for improve value for its corporate customers.

Job training platform CareerFrog gets series B investment

CareerFrog, an online job searching training platform for college students, has raised a series B round worth millions of RMB led by Huatu Capital, an education industry investment platform, according to Technode.

Lu Mingxia, founder and chairman of CareerFrog said the financing will help for the research and development of their technology, expand their workforce and improve efficiency on providing university talents to enterprises.

The platform is connected between college students and businesses and aims to solve the employment problem in the country taking the advantage of the growing demand for job training and jobs.

The investment by Huatu Capital will help develop the platform and help forward their management experience, said Wu Zhenggao, president of Huatu Capital.

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