it claim's seek's Chinese online recruitment platform Zhaopin, which accounts for 48 per cent of its revenue, was China's number one player and growing rapidly were false.
"Zhaopin’s platform is inundated with fake postings by companies which were deregistered, in liquidation or flagged as 'abnormal operations' by Chinese authorities," the report states
"Companies we called about their job postings on the website even stated directly that the posts were fraudulent. Our due diligence also uncovered a whistleblower claim by a Chinese college student alleging that Zhaopin pays people to submit fake resumes. We think Zhaopin’s platform is rotten, which is devastating for Seek’s prospects."
Its a concern since Chinese companies don't have the greatest record with numbers as they would pump up the numbers. As people who work in China with its website need to explain this. Just look at luckin coffee
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