Qingtuanshe, a China-based part-time job search platform geared towards students, has attracted several hundreds of millions of renminbi (RMB100m = $15m) in a series B-plus round led by Ant Financial, the financial services affiliate of e-commerce group Alibaba.
An unspecified investment fund operated by online education provider Tal Education also featured in the round alongside Poly Capital.
Founded in 2013, Qingtuanshe runs a recruitment platform for college students seeking part-time job vacancies. It had more than 100,000 registered employers and 6 million users as of last month, with some 80% of its user base applying for at least two jobs.
The series B-plus capital has been earmarked to enhance information Qingtuanshe holds on companies and job seekers by using data acquired from Ant Financial’s credit scoring and loyalty program Sesame Credit.
Qingtuanshe secured approximately $19m in capital from earlier rounds, including $8.2m from a 2016 series A led by freelance services platform Zhubajie, and a $9.2m series B the following year led by investment bank Ants Capital.
The company is listed as a portfolio investment of VC firm Chuxin Capital, though further details could not be ascertained.