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 emp ...

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.

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 Mark Chang Mun Kee (; born 1965) is a Malaysian businessman and the founder of MOL AccessPortal and JobStreet.com. He is the chief executive officer of JobStreet.com, a position he has retained since the company was formed. He also serves on ...

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, 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 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 south-eastern region of Asia, consisting of the regions that are situated south of mainlan ...

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,

Tiger Global Tiger Global Management, LLC (often referred to as Tiger Global and formerly known as Tiger Technology) is an American investment firm. It mainly focuses on Internet, software, consumer, and financial technology industries. Background and histo ...

and Macquarie Capital.

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