Shanghai online hiring site 51job buys majority stake in Lagou for $119m

Shanghai online hiring site 51job buys majority stake in Lagou for $119m

Photographer: Nelson Ching/Bloomberg

51job Inc, a Shanghai-based recruitment website operator, agreed to acquire a 60-per-cent stake in China’s tech-sector job site Lagou for $119 million, according to its announcement last Thursday.

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