Chinese classified information website announced that the company has acquired the well-known recruitment website

However, no financial details were immediately available.

On the completion of the acquisition, will maintain its independent operation, brand, and team.

As a result of the acquisition, Ireland's Saon Group, former parent company of, will withdraw itself from the Chinese business. Meanwhile, apart from purchasing the assets of, will hire most of its existing employees.

Commenting on the deal, Yao Jinbo, chief executive officer of, said that has an operating history of 18 years and it is a well-known company in the Internet recruitment sector. They value the brand asset accumulation and professional team of and hope to realize's full coverage in the recruitment sector with's brand influence. At the same time, will use its platform advantage to support in product optimization and market expansion.

Founded in 1997, received a USD50 million investment from American Internet recruitment giant, which held a 40% stake in the Chinese company, in 2015. At the beginning of 2006, Monster acquired an additional 5% stake for USD19.9 million and reached a valuation adjustment mechanism for IPO within three years with In 2008, due to the failure of the VAM, Monster acquired the remaining 55% stake in for USD174 million and became a wholly-owned subsidiary of Monster.

However, despite the large investments of Monster for years, never stopped losing money. The Chinese company was acquired by Myjob for USD30 million in 2013.