owners buy Chinese web business

18 Jul 2006

Denis O’Brien and Leslie Buckley’s holding company Keyland, which trades in Ireland as jobs portal, has acquired a major online recruitment business in Beijing called for an undisclosed sum. has almost 1.5 million visitors per month. The site has over 53,000 clients and a database of over one million CVs.

“The opportunities for Keyland in China are excellent because of the scale of the country and the rate of economic expansion,” said Ken Fitzpatrick, chief executive of Keyland.

Referring to the Chinese Development Report, he continued: “In 2005 there were 111 million internet users in China and 30pc of them are searching for jobs online.

“Online job searching already is the fastest growing way for people to find a new job,” Fitzpatrick said.

The percentage of companies in China using online services for recruitment has increased rapidly and economic growth in China is targeted to hit 9.2pc this year.

In related news, has introduced a new RSS feed service to keep jobseekers on their toes with instant job alerts directly to their desktop.

Valerie Sorohan, marketing manager with, commented: “With RSS there is no need to rely on access to an email account. Whereas email alerts are usually sent once a day, RSS feeds are constantly updated throughout the day. In this way, jobseekers are alerted within seconds of a job being advertised.”

”There are major benefits to jobseekers, the main one being that they will gain a competitive advantage over non-RSS jobseekers as they will be the first to see positions as they become available.”

By John Kennedy