Aussie investors can cash in on Zhaopin and its massive market opportunity without having to invest abroad, though, thanks to Seek’s(ASX:SEK)64% ownership stake in Zhaopin. That stake amounts to 11% of Seek’s market value – not huge, but enough to give Seek investors a firm stake in China’s largest jobs site.
There’s a lot more to like about Seek than just Zhaopin, of course. CEO and co-founder Andrew Bassat still owns 5% of the business, which makes for great alignment with smaller investors like us, and the shares pay a fast-growing, fully franked 1.7% dividend.
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