JobStreet.com Pte Ltd is a

Malaysian Malaysian may refer to: * Something from or related to Malaysia, a country in Southeast Asia * Malaysian Malay, a dialect of Malay language spoken mainly in Malaysia * Malaysian people, people who are identified with the country of Malaysia regard ...

company. It was founded in 1997, it is now Southeast Asia's largest online employment company, according to Forbes. The company through its

employment website An employment website is a website that deals specifically with employment or careers. Many employment websites are designed to allow employers to post job requirements for a position to be filled and are commonly known as job boards. Other emplo ...

of the same name, currently serves about 80,000 corporate customers and 11 million jobseekers. Even as early as in July 2010, the Group services over 60,000 corporate customers and over 7 million jobseekers. It became a public listed entity in 2004 when parent company JobStreet Corporation Berhad was listed on the MESDAQ Market of Bursa Malaysia Securities on 29 Nov 2004. Thereafter, JobStreet.com was listed on the Main Board in October 2007. under stock short name, JOBST. JobStreet owns 22.43% of the Taiwanese online employment provider 104 Corporation, 21.13% of the online marketing technology and services company, Innity Corporation and the automotive portal, Autoworld.com.my. As of 2016 the total revenue of jobstreet in the Philippines is PHP 2.04 Billion In November 2014, JobStreet became part of the Australian Stock Exchange-listed

SEEK Limited Seek Limited (stylized as SEEK) is an Australian human resource consulting company. It is headquartered in Melbourne, Australia and operates in 12 countries: Australia, China, New Zealand, Mexico, Brazil, Nigeria, Indonesia, Hong Kong, Singapore ...

Products and services

The website features a job matching engine named LiNa for jobseekers and a job posting platform named SiVa for employers. The firm also provides other online recruitment products and services such as online recruitment, outsourced human capital service, software as a service (SaaS), e-commerce & e-business and jobseekers' services. Classified advertisement also serves as secondary revenue sources for JobStreet. The firm also provide resources for jobseekers' career growth. Among these are the JobStreet.com English Language Assessment, the JobStreet.com Resume & Interview assessments, salary reports, and JobStreet Blog, (fondly called as BlogStreet, now defunct).

History

Envisioned to provide an automated platform for accurately matching employers and jobseekers, JobStreet was founded by Mark Chang Mun Kee as a spin-off of MOL.com in 1995. The starting capital of JobStreet was reportedly US$2.6 million back then. Prior to that, its parent company MOL AccessPortal was sold to

Vincent Tan Vincent Tan Chee Yioun (; born 1952) is a Malaysian Chinese businessman and investor. He is the founder of Berjaya Corporation Berhad, a diversified conglomerate listed on the Malaysian stock exchange. Besides holding stakes through the Berj ...

, the CEO of

Berjaya Group Berjaya Corporation Berhad (; formerly known as the Berjaya Group Berhad, Inter-Pacific Industrial Group Berhad and Raleigh Berhad) is a Malaysia-based corporation which controls a wide array of businesses, including consumer marketing, Property ...

for US$3.2 million. Conservative management helped the company sidestep the

dot-com bust The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compos ...

in 2000s. In 1999, San Francisco venture capital firm Walden International and Sumitomo Corporation Capital Asia made $1.6 million investment in the company and increased its stake in JobStreet to 30% in 2001. Walden catalyzed JobStreet's move from a start-up to a regional major market player. It urged Mark Chang to hire executives with business experience, to expand to other key

Southeast Asia Southeast Asia, also spelled South East Asia and South-East Asia, and also known as Southeastern Asia, South-eastern Asia or SEA, is the geographical United Nations geoscheme for Asia#South-eastern Asia, south-eastern region of Asia, consistin ...

countries and to trim cost. The following table summarizes the growth in jobseeker and corporate customers of JobStreet.

Corporate affairs

JobStreet.com was selected by Forbes Asia as Best 200 Under a Billion company in 2007 and 2008. In April 2013, it crossed the RM1 billion market capitalization milestone. Following its purchase of 10.1% stake in 2008 for $19.3 million and another 11.2% stake for RM70.9 million in 2010, SEEK Limited, the Australian internet job recruitment company made a complete takeover in 2014 for RM 1.73 billion together with co-investors,

News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...

, Tiger Global and

Macquarie Capital Macquarie Group Limited () is an Australian global financial services group. Headquartered and listed in Australia (), Macquarie employs more than 17,000 staff in 33 markets, is the world's largest infrastructure asset manager and Australia's t ...

References

{{Reflist 1997 establishments in Malaysia MSC Malaysia Employment websites Malaysian websites Business services companies established in 1997 2014 mergers and acquisitions Companies based in Kuala Lumpur Privately held companies of Malaysia Companies formerly listed on MESDAQ Online companies of Malaysia

Products and services

History

Corporate affairs

See also

References