Business
Seek confirms Zhaopin investor talks following Alibaba speculation – Sydney Morning Herald
Seek has confirmed its Chinese unit Zhaopin is speaking to potential investors amid speculation e-commerce giant Alibaba is keen to tip “hundreds of millions of dollars” into the firm.
The companys statement comes after online tech news publication The Information reported that Alibaba was in talks to invest hundreds of millions of dollars in Zhaopin, citing people familiar with the matter.
Alibaba, whose online marketplaces serve as a platform for millions of Chinese businesses, also operates Chinas biggest cloud computing services platform, wrote The Informations Juro Osawa.
The report said an investment could lead to collaboration between the internet giant and its vast c…
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