DCM: The Successful Entrepreneur’s Choice.
51job, Inc. (Nasdaq: JOBS) is a leading human resource solutions provider in China, offering a broad array of services in the areas of recruitment solutions, training and assessment as well as HR tools and outsourcing services. The company combines the strengths of traditional print and new media and leverage technology and a staff of experienced professionals to deliver an integrated recruitment solution. 51job serves hundreds of thousands of domestic and multinational corporate clients through 26 offices in Hong Kong and Mainland China.
DCM invested in the Series A financing round of 51job after the deal was sourced by Tom Blaisdell and David Chao in January 2000. David Chao and Rick Yan, CEO of 51job, served as the only members of the Board of Directors for four years until DCM helped recruit all three independent Board members: Don Lucas (Board member of Cadence, Macromedia, PDF Solutions and Oracle), Charles Phillips (President and Director of Oracle, selected as a “Dream Team 2004” board member by Business 2.0) and Shan Li (Former CEO of Bank of China International).
In the spirit of our team culture, every member of the firm has contributed to 51job’s progress in many ways. Some notable areas of assistance include: along with the Board of Directors, Dixon Doll and Ruby Lu were instrumental in recruiting the new Board members; DCM coordinated the strategic partnership between 51job and Recruit in Japan; Carl Amdahl engaged in technology capacity assessments; and our finance team was an invaluable source of accounting advice for the management team as they prepared for their offering.
51job successfully completed its IPO on Nasdaq in September of 2004, raising over U.S. $80 million to fund its continuing expansion. In 2006, DCM entered into an agreement with Recruit Company, (a multibillion dollar media group in Japan and a DCM Limited Partner) to sell our entire holdings of 51job (NASDAQ:JOBS). David Chao continues to be a member of the Board of Directors.