Saongroup in $30m China deal

Saongroup — the international online recruitment business controlled by Denis O’Brien and Leslie Buckley — has significantly expanded its Chinese operations by acquiring a $30m (€22.2m) controlling stake in the local operations of rival recruiter, Monster.

The Dublin-headquartered group — which operates across 29 countries, including here, via the IrishJobs.ie website — already has a significant presence in China.

The acquisition will see Saongroup add to that presence by taking control of 90% of ChinaHR.com, Monster’s Chinese operation.