China-based recruitment platform Doumi has raised $40m in a series B round featuring internet company Tencent and conglomerate New Hope Group, China Money Network reported on Wednesday.
Investment management firms Hillhouse Capital, Banyan Capital and Blue Lake Capital also participated in the round.
Founded in October 2015, Doumi operates a website and mobile apps enabling users to search for part-time employment. The company claims to serve more than 10 million active users each month.
Doumi secured an undisclosed amount of series A funding from online marketplace provider 58.com-Ganji, GX Capital and Welight Capital in November 2015,.
Banyan Capital and Blue Lake Capital were listed as existing shareholders for the series B round, though details of their previous backing have not been revealed
Li Congliang, managing director at Hillhouse Capital, said: “We are optimistic about China’s flexible job market for the long term. In the backdrop of macroeconomic transition, we estimate the flexible job market could reach RMB1 trillion ($150bn).”