Shanghai. May 4. INTERFAX-CHINA - The fall in revenues generated by China's online recruitment sector will be arrested in the second quarter of 2009 as the country's employment market begins to recover, according to a report released on May 4.
According to the report by iResearch, the quarterly decrease in revenues that the online recruitment sector has been experiencing since the third quarter of 2008 narrowed in the first quarter of 2009, when the sector recorded revenues of RMB 251 million ($36.8 million), down 4.6 percent quarter-on-quarter. By comparison, the sector saw a 5.1 percent quarter-on-quarter drop in revenues in the fourth quarter of 2008.
51job.com remained the largest online recruitment company in the first quarter of 2009, with a 28.3 percent market share by revenue, according to the report. ChinaHR.com and Zhaopin.com ranked second and third, with respective market shares of 22.3 percent and 16.4 percent.
China's second largest online game exporter, Suzhou Snail Electronic Co. Ltd. (Snail Game), is expanding overseas into the world's most developed gaming markets with confidence in its ability to compete on both technology and innovation.
