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Student-Entrepreneur : The New Way of Employment in China. Student-Entrepreneur : The New Way of Employment in China.Comments Off

ina is one of the most populated country in the world with almost 2 billion inhabitants. Each year, more than 7 million of students are gratuated and only 1/3 find a job. There is a dizzy problem of employment. The employment market is more and more stuggled. That’s why, a lot of student prefered to build their own business. Entrepreneurship is becoming a solution to reduce the stress of all this students.

 

BE A STUDENT IN CHINA

The quality of the degrees in China is know all over the world. In China, the number of graduated students growth, they have very good degrees and skills to be very performant on the employment market. However, it’s not the case. The growing of high level degrees didn’t create more qulaified employments. Lot of students have to reduce their employment requirements because they don’t find a job. Where is the promise did by univertsities to students? In few years, the number of students having a non qualified job doubled. A huge problem that concern not only students but every chinese people.

 

ENTREPRENEURSHIP? THE NEW SOLUTION?

Entrepreneurship is becoming the solution in China. Lot of students prefer create their own company than be unemployed or have a non qualified job. The government and universities encourage this practice and help students in their business creations.

Most of the start-ups are openend in Zhuhai. It’s the city which has the most importante number of start-ups in China with around 2800 new start-ups every year. This city has a high number of start-ups because there are a lot of very good universities, it’s on of the most rich city of China and its geographic situation is perfect (close to Macao and in front of HongKong and Shenzhen).

Besides, government encourage the students to build their own business by reducing the companies’s tax.

 

 

More and more Schools & university encourage their Student to Launch companies in China, and specially in Shanghai.

 

HELP FOR THE STUDENT-ENTREPRENEURS

But, create a start-ups it’s not so easy. Today in China, it’s becoming the new way but  teachers are a bit affraid about all this students who want to create their business. Create a business it’s easy but it’s hard to keep it open.

Lot of teachers and school directors warn students about risks to create your own business.

 

For Universities it’s a good economic opportunity that’s why they help students.

 

To reduce this lack of knowleadges of business creation, universities and governement work together to help the students. The governement reduce the company tax during the first 3 years, if they are 3 new graduated students in the company, they can request for an annual help of 481$ USD and governement ask them to follow an education in university to know more about the basic-skills to open your start-ups.

 

One amazing thing, in a country where sucess, ranking and have a good job to make money are very important, parents encourage their kids when they decided to enter in this perious adventure. Parents are often the first investors.

 

2 EXAMPLES OF CHINESE YOUNG ENTREPRENEURS

Cai Yutie, is 23 year old. He was student in Journalism in Zhuhai University. With a friend, they decided to open a shop in Zhuhai which offers women clothes and accessories. Their shop GreatMe is quickly becoming popular because it’s modern, when you enter in the shop, light is perfect and music trendy. For the moment, they don’t make a lot of money but it paid bills and rent.

For Cai Yutie, chinese student prefer create their own business because they are often bored in the traditionnal system which no longer reply to their expectations. That’s why they prefer create a start-ups, there are more free and can be very creative and express themselves. The chinese society is see by this students as a drag to their ambitions.

 

Wen Zibin is an other student-entrepreneur graduated from the Shenzhen University. This 22 year old man started by working in a company thanks to his parents relationships. But he quickly feel bored because the job is less qualified that he can do and not very creative. With two others friends, they also decided to open a shop : Momo, a cake shop. Their cakes are very appreciated by young people. They decided to followed a new education in pastry to develop their business and attract new consumers.

Wen say that it’s not easy to keep open his shop. Sometimes he wants to give up because you have bills, not a lot of customers, administration issues, you feel stangled. But each time, they found a solution to solve their problem. It encouraged them to keep going.

 

 

The job market in China is a market arrived at maturation and now saturated. China each year has more and more young people graduated unemployed. This young people often leave because they are very stress to don’t find a job. They moved abroad. But, a large part of them try to stay in their country and used their skills to develop their own business. The entrepreneurship is encourage by governement because its a solution to their problem of unemployment and students feel better. So everybody is happy.

 

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Sina Networking Academy is recuiting from eight universities Sina Networking Academy is recuiting from eight universities(0)

Outstanding students will be directly incorporated into Sina internship and staff recruitment program.

The network primarily targets candidates are 3rd year undergraduates, fresh graduates or equilvalant from Beijing University, Tsinghua University, Bit, BIPU. The plan was to recruit a total of 90 people in three classes. After personnel passed registration and written tests, students get free access to Sina online training system. After a 3-6 month courses of study and practical project operations, according to performances, outstanding students will directly be included in SINA practice and staff recruitment program.

Person in charge of the City Colleges and Universities Employment Promotion Council said this event for graduates and businesses could be described as “win-win.” Through this program, graduates can receive the guidance of senior technical staff, not only access to cutting-edge application technologies in practice, but also allow oneself to put on the professional role in advance, enhancing the employment competitiveness. For companies, they could either directly get involved in the process of educating people, but also find talents in the practical training, making the recruitment early and reserve for their own talents.

The number of web content editor in China has reached three million The number of web content editor in China has reached three million(0)

Workplace consultant pointed out that the web content editor was a “emerging occupation” in 2004, but now had changed from the boring “porter” to “all master”. According to statistics, China currently has three million editors team, far beyond the traditional media editorial team. Web site editor is no longer proprietary for Internet, and many companies began to focus on building their business sites.

Chinahr.com introduced CV Annex Chinese assistant Chinahr.com introduced CV Annex Chinese assistant(0)

Yesterday, the national online recruitment giant – Chinahr.com officially launched the “Resume Annex Chinese assistant ” product, and users will only directly upload the ready-made resume in word format, and this product can automatically identify the key information and add them into CV templates, greatly saving the time for job-seekers, which is the first type of technique in the industry.

Relevant person in charge of technologies at ChinaHR said, through “natural semantic processing technology,” the users will just upload, copy or paste their ready-made electronic resume into Chinahr.com, and ” Resume Annex Chinese assistant” will be able to identify three main key information- “personal information”, “Education”, “work experience”-to according position of Chinahr.com, significantly saving time for job-seekers. At the same time, the person in charge told reporters that “Resume Annex Chinese assistant” only supported the curriculum vitae formats with suffix of doc, docx, pdf, txt four format, and the content could not be more than 20,000 words.

Zhaopin lost 170 million yuan Zhaopin lost 170 million yuan(0)

The reporter confirmed from Zhaopin that it indeed moved and also recognized a loss last year, but it denied the existence of correlations between these two.

Zhaopin confirmed except the head-hunter department, all others moved out.

Recently, some net users in the online forum disclosed: Zhaopin sufferred from huge losses, had been prepared to move out old office.

Reporters yesterday at Zhaopin’s old “home” – Beijing Jianguo Road, Hui Tong Times Square-saw a packages of baggage, containers, cardboard boxes to be delivered under the banner of tape at the work area of Zhaopin, and a number of departments had left.

Zhaopin Hui Tong Times Square has been operating for many years, and it leased three sites at Hui Tong Times Square separately. This time it will move to the International Center of Fosun at the core area of CBD. Zhaopin staff confirmed that except the headhunters department, all others would be removed.

Lease term ended, moved to the core area of CBD

Regarding the specific reasons for the moving, Zhaopin PR person in charge Li Peihan stressed: “In spite of rumors that the move is relevant to its loss last year, while actually because term at Hui Tong Times Square ended.”

She also said that the Times Square was outside the East Third Ring, while the company moved to inside entering into the core area of CBD district, which would help Zhilian better integrate into the CBD shopping district, and better communicate between the various enterprises, making Zhaopin more close with our customers.

She also gave another reason: “Our offices at Times Square scattered at three buildings, the new office site is more concentrated, conducive to better communication between employees.” However, about rental price and size, she refused to disclose to reporters.

Reporter knew from Hui Tong Times Square area that the current rent in Plaza was 4-5 yuan / sq m / day, and before Zhaopin leased more than 6000 square meters in area. New rent equivalent to 3 yuan / sqm / day.

Zhaopin moving to the new “home”-Fosun International Center-heading west shopping district, is a 10-minute walk to Subway Line No. 10 of East Third Ring, Chaoyang North Road Rapid Transit Bus Road, aligned with the Jing Guang Center, CCTV, in the mixed locations of several major eastern shopping district.

However, according to media reports, as a result of the Center’s location was in junction of Chaoyang North Road, East Third Ring and the East Bridge, there were no middle-grade facilities and other high-end Class A office space, together with the financial crisis, many multinational companies withdrew from the CBD, rent of this shopping district was all the way down, Fosun International Center leasing market was also deserted.

According to the Fosun International Center data before, Zhaopin rented No. 6 ~ 7 of the 4300 square meters floor area, to become the largest customer of the center.

Fosun International Center, outernal price was 240 yuan/ square meter / month, but the actual rents of Zhaopin was about 170 yuan / square meter / month.

And previously the media reported that in the 60 months of the lease term, the Zhaopin got 30 months rent-free period, so the actual price dropped by half again, about 3 yuan / sq m / day.

Qiang Cheng Wu You, China HR and Zhilian are known as three competitive national online recruitment but were very homogeneous.

Zhaopin’s largest shareholder-Australian Seek-in March this year announced a financial report indicating last year in Zhaopin Seek investment had loss of 14.47 million Australian dollars, and in accordance with Zhaopin Seek shares ratio, Zhaopin was supposed to have a loss of about 1.7 billion yuan in 2008. Zhaopin’s moving made people correlated the huge losses with it.

Zhaopin CEO Liu Hao in media interviews recognized a loss, but denied it was 170 million, nor did he disclose specific figures.

Reporters knew from Nelson’s business CR-Nielsen that Zhaopin last year invested 0.27 billion yuan, a large amount of money spent signing host Huang Jianxiang and actress Xu Jinglei for endorsement. Head of its Public Relations-Li Peihan-said after the expiry of their contracts, this year Huang would not renew their contracts.

Early in March this year, the operations of three domestic online recruitment sites were successively exposed and Qian Cheng Wu You was the only one that made profits. The China HR’s loss of year was as high as 175 million yuan, almost same as Zhaopin.

Sina announced its entrance into the online students enrollment market Sina announced its entrance into the online students enrollment market(0)

Sina wished to create the most complete, most content-rich platform for the students, and to create the first student enrollment brand in China.

Relevant data show that the student enrollment market can be seen specially good, and the market can be expected to reach 400 billion yuan, some enrollment sites reached 400 to 600 million yuan, which also led to large enrollment platform like mushroomed after rainning. It can be seen, the online student enrollment has become a tremendous hot cake in the enrollment industry this year.

The industry insiders said as a best known national portal site, Sina launching platform for education students had a strong popular appeal and strength of security. It is reported that Sina enrollment channels and its resources covered pre-school education, primary and secondary education to higher education, vocational education, continuing education, corporate training, certification examinations and training and other contents. Sina investment channels made “Network for Education and Admissions “From a simple model for the individual, to a new world of Web-based Education for All.

51job.com Announces Online Job Search Revenue For Q1 2008 51job.com Announces Online Job Search Revenue For Q1 2008(0)

Gross profit for the first quarter of 2008 was RMB124.8 million, representing an increase of 19.4% from RMB104.5 million for the same quarter of the prior year. Gross margin, which is equal to gross profit divided by net revenues, was 55.7% in the first quarter of 2008 compared with 55.2% in the same quarter in 2007.

51job’s President and Chief Executive Officer Rick Yan said in a prepared statement, ‘We view 2008 as an important year of investment for 51job and are dedicating significant resources aimed at strengthening our brand, improving customer service, developing new products and increasing efficiency. We believe these efforts will enable us to extend our market leadership position and build a solid foundation for long-term growth.’

The company also has a significant offline operation, and it said print advertising revenues for the first quarter of 2008 increased 7.8% to RMB122.4 million compared with RMB113.6 million for the same quarter in 2007. The increase was primarily the result of a greater volume of advertisements in 51job Weekly which was partially offset by lower average revenue per page. The estimated number of print advertising pages generated in the first quarter of 2008 grew 15.6% to 4,593 compared with 3,974 pages in the same quarter in 2007. Average revenue per page in the first quarter of 2008 decreased 6.7% over the same quarter in 2007 due to growing revenue contribution from lower priced cities.

Online recruitment services revenues for the first quarter of 2008 were RMB78.4 million, representing a 27.4% growth from RMB61.6 million for the same quarter of the prior year. The increase was mainly attributable to the growth in the number of employers using the company’s online services. Unique employers using the company’s online recruitment services increased 25.8% to 60,461 in the first quarter of 2008 compared with 48,070 in the same quarter of the prior year.

Operating expenses for the first quarter of 2008 increased 37.5% to RMB86.2 million (US$12.3 million) from RMB62.7 million for the same quarter of 2007 due primarily to higher sales and marketing expenses. Operating expenses as a percentage of net revenues was 38.5% for the first quarter of 2008 compared with 33.1% for the first quarter of 2007. Excluding share-based compensation expense, operating expenses as a percentage of net revenues was 36.1% in the first quarter of 2008 compared with 29.8% in the first quarter of 2007.

Net income for the first quarter of 2008 decreased 30.8% to RMB22.2 million from RMB32.2 million for the same quarter in 2007. As of March 31, 2008, the company’s cash balance was RMB1.023 billion compared with RMB1.007 billion at December 31, 2007.

Source : Chinatechnews

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