Tencent-backed recruitment platform owner files for $100m US IPO

Job-seeker-friendly Kanzhun to list on Nasdaq in bid to boost expansion plan

20210525 China worker

Kanzhun says its online recruitment platform, Boss Zhipin, has almost 25 million monthly active users, making it China's largest. © Reuters

MARS W. MOSQUEDA JR., DealStreetAsia

CEBU, Philippines -- A Chinese online recruitment platform backed by Tencent Holdings has filed to raise up to $100 million in an initial public offering in the U.S. as it seeks funds to support its expansion plans.

Kanzhun, whose core product is job board Boss Zhipin, has not specified the number and price of American depositary shares it intends to sell, and its filing is heavily redacted.

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