Chinese recruitment business gets $23m Series B

Other participants include DCM and Lightspeed China Partners.

The fresh capital will be used to enhance the company's ability in predicting clients' future workforce demands and helping them better manage employees, as well as improving awareness of the importance of technology-driven HR services, according to a statement.

WorkTrans counts mid to large-size companies across retail, food and beverage, security, and manufacturing among its major clients. They include China Resources Vanguard, one of the country's largest supermarket chains, bicycle-sharing player Mobike, and retail giant Carrefour. 

It provides software-as-a-service (SaaS) products covering work schedule planning and customized recruitment solutions. As of October 2018, the company claimed to have helped 200 companies launch smart work schedule planning systems, delivering an average saving of 11% of total working hours. 

"We are bullish on the application of SaaS in niche markets like this one. Chinese enterprises will need mode delicate measures to improve operational efficiency and productivity," said Guantai Ye, a partner at Qiming. "WorkTrans can help companies achieve that goal through the use of big data and artificial intelligence."

Companies like WorkTrans are benefitting from rising labor costs in China, which are prompting more companies to outsource functions and seek better solutions for workforce management. In October, Chinese HR SaaS provider Beisen raised over $100 million in a Series E round led by Matrix Partners and Genesis Capital.

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• Topics
• Greater China
• Financials
• Expansion
• China
• TMT
• Qiming Venture Partners
• Lightspeed Venture Partners