Monster Acquires Remaining 55 Percent Of ChinaHR For $174 Million
Summary
Monster pays $174 million to acquire the remaining 55 percent of ChinaHR and take full control of the Chinese recruiting site. The deal expands Monster's online recruiting presence in Asia and strengthens its position in China. Monster also names Edward Lo as interim CEO of ChinaHR while he continues his regional duties. The article notes that ChinaHR still faces competitive and macroeconomic challenges in the Chinese market.
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