Australia's no. 1 job site, Seek, announced that it has acquired 10% stake in Jobstreet this week.
Seek also owns 25% of its equivalent, Zhaopin, in China.
The impact is huge as all these companies can actually work on forming an online job alliance or network that dominating the major market share in the region. "We will now seek to enter a dialogue with management to explore how we might provide our support and expertise," A personnel from Seek has actually indicated that they have already had such intention.
"Coincidentally", Jobstreet also announced yesterday that it has joined The Network which is a unique partnership of career sites worldwide co-founded by leading European job sites, StepStone and Totaljobs.
According to the company's press release, "the members of The Network, primarily from 21 countries in Europe, will market JobStreet’s job postings in their respective geographical region" with this partnership.
It's interesting to see what will happen next 12 months in the regional online job market.
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