Jobstreet

{{Short description|Online employment company}} {{Infobox website | name = Jobstreet | logo = JOBSTREET small scale.png | logo_size = | logo_alt = | logo_caption = | screenshot = | screenshot_size = | screenshot_alt = | collapsible =  | collapsetext =  | background =  | caption = | company_type = Subsidiary | website_type = Job search engine | language = Indonesian, English | language_count = | language_footnote = | traded_as = | founded = {{start date and age|1997}} in Malaysia | dissolved = | predecessor = | successor = | headquarters =  | location_city = Kuala Lumpur | location_country = Malaysia | country_of_origin = | locations = | area_served = Malaysia, Philippines, Singapore and Indonesia | owner = | author =  | founder = Mark Chang Mun Kee | editor =  | chairman = | chairperson = | president = | CEO = | MD = | GM = | key_people = | industry = | products = | services = Internet | revenue = | operating_income = | international =  | net_income = | assets = | equity = | employees =  | parent = Seek Limited | divisions = | subsidiaries =  | url = {{URL|https://www.jobstreet.com}} | ipv6 = | advertising = | commercial =  | registration =  | num_users = | launch_date = | current_status = | native_clients = | content_license =  | programming_language = | issn =  | eissn =  | oclc =  | footnotes = }}

'''Jobstreet''' is a Southeast Asian online employment website, operated by the Australian Stock Exchange-listed SEEK Limited.

Founded in Malaysia in 1997, Jobstreet expanded its presence across the region and currently operates in Malaysia, Indonesia, the Philippines, and Singapore. ==History== Envisioned to provide an automated platform for accurately matching employers and jobseekers, Jobstreet was founded by Mark Chang Mun Kee as a spin-off of MOL.com in 1995. The starting capital of Jobstreet was reportedly US$2.6 million back then.<ref name="forbes1"/> Prior to that, its parent company MOL AccessPortal was sold to Vincent Tan, the CEO of Berjaya Group for US$3.2 million.<ref name="forbes1">{{cite news| url=https://www.forbes.com/global/2008/0128/014.html| title=Turning Classifieds Into Cash | date=January 28, 2008 | first=Cris | last=Prystay|work=Forbes.com|access-date=2013-10-28}}</ref> Conservative management<ref>{{cite book|title=Asian Business|year=2001|publisher=Far East Trade Press|page=19|chapter=Online recruitment firm Jobstreet's resume is looking good}}</ref> helped the company sidestep the dot-com bust in 2000s.<ref name="forbes1"/> In 1999, San Francisco venture capital firm Walden International and Sumitomo Corporation Capital Asia made $1.6 million investment in the company and increased its stake in Jobstreet to 30% in 2001. Walden catalyzed Jobstreet's move from a start-up to a regional major market player. It urged Mark Chang to hire executives with business experience, to expand to other key Southeast Asia countries and to trim cost.

It became a public listed entity in 2004 when parent company JobStreet Corporation Berhad was listed on the MESDAQ Market of Bursa Malaysia Securities on 29 Nov 2004. Thereafter, Jobstreet.com was listed on the Main Board in October 2007,<ref>{{cite web |title=Bernama Media Relations: Jobstreet.Com Transfers To Main Board |url=http://mrem.bernama.com/viewsm.php?idm=9872 |access-date=2012-07-13 |publisher=Mrem.bernama.com}}</ref> under stock short name, JOBST. Jobstreet owns 22.43% of the Taiwanese online employment provider 104 Corporation,<ref>{{cite book |url=http://ir.chartnexus.com/jobstreet/doc/Reports/jobstreet_2012_full.pdf |title=JobStreet.com Annual Report 2012 |publisher=JobStreet.com |year=2012 |page=4 |access-date=2014-03-07 |archive-date=2019-07-12 |archive-url=https://web.archive.org/web/20190712174527/http://ir.chartnexus.com/jobstreet/doc/Reports/jobstreet_2012_full.pdf |url-status=dead }}</ref> 21.13% of the online marketing technology and services company, Innity Corporation and the automotive portal, Autoworld.com.my.<ref name="Jobstreet Corporation Bhd Quarterly Report Notes 31 Mar 2008">{{cite web |title=Jobstreet Corporation Bhd Quarterly Report Notes 31 Mar 2008 |url=http://ir.chartnexus.com/jobstreet/doc/Reports/2008%20Q1%20(Notes).pdf |access-date=2012-07-13 |publisher=Ir.chartnexus.com |archive-date=2012-02-20 |archive-url=https://web.archive.org/web/20120220141632/http://ir.chartnexus.com/jobstreet/doc/Reports/2008%20Q1%20(Notes).pdf |url-status=dead }}</ref>

Jobstreet.com was selected by Forbes Asia as Best 200 Under a Billion company in 2007 and 2008.<ref>{{cite news |date=2008-09-19 |title=Forbes Asia's Best 200 Under A Billion company |work=Forbes.com |url=https://www.forbes.com/2008/09/19/asia-best-midcaps-pf-bub08-cz_jg_0918billion_land.html |access-date=2012-07-13}}</ref> In April 2013, it crossed the RM1 billion market capitalization milestone.<ref>{{cite web |last=Singh |first=Karamjit |title=JobStreet hits milestone, crosses RM1bil market cap |url=http://www.digitalnewsasia.com/sizzle-fizzle/jobstreet-hits-milestone-crosses-rm1bil-market-cap |access-date=7 March 2014 |work=Digital News Asia |date=8 May 2013 }}</ref> Following its purchase of 10.1% stake in 2008 for $19.3 million<ref>{{Cite web |title=LIVENEWS.com.au |url=http://www.livenews.com.au/Articles/2008/09/17/Seek_buys_10_of_Malaysian_JobStreet |url-status=dead |archive-url=https://web.archive.org/web/20080921020509/http://www.livenews.com.au/Articles/2008/09/17/Seek_buys_10_of_Malaysian_JobStreet |archive-date=2008-09-21 |access-date=2008-10-03}}</ref> and another 11.2% stake for RM70.9 million in 2010,<ref>{{cite news |date=10 March 2010 |title=Seek ups stake in JobStreet |newspaper=The Australian |url=http://www.theaustralian.com.au/technology/seek-ups-stake-in-jobstreet/story-e6frgakx-1225839201938 |access-date=7 March 2014}}</ref> SEEK Limited, the Australian internet job recruitment company made a complete takeover in 2014 for RM 1.73 billion<ref>{{cite news |date=Feb 19, 2014 |title=Australia's SeekAsia buying JobStreet's business for RM1.73b (Update) |newspaper=The Star |url=http://www.thestar.com.my/Business/Business-News/2014/02/19/Seek-Ltd-to-acquire-online-ops-of-Jobstreet-for-RM1dot73bil/ |access-date=7 March 2014}}</ref><ref>{{cite news |date=Feb 20, 2014 |title=JobStreet to pay almost all of $661 million from sale of online business as dividend |newspaper=Asia News Network |url=http://business.asiaone.com/news/jobstreet-pay-almost-all-661-million-sale-online-business-dividend |url-status=dead |access-date=7 March 2014 |archive-url=https://web.archive.org/web/20140226035055/http://business.asiaone.com/news/jobstreet-pay-almost-all-661-million-sale-online-business-dividend |archive-date=February 26, 2014}}</ref> together with co-investors, News Corp, Tiger Global and Macquarie Capital.<ref>{{cite news |last=Moullakis |first=Joyce |date=24 Feb 2014 |title=Behind the deal: SEEK's Asia push a long game |newspaper=BRW |url=http://www.brw.com.au/p/business/behind_the_deal_seek_asia_push_long_oUukBIrXh3G5NH2DAANc1O |access-date=7 March 2014 |archive-date=7 March 2014 |archive-url=https://web.archive.org/web/20140307102457/http://www.brw.com.au/p/business/behind_the_deal_seek_asia_push_long_oUukBIrXh3G5NH2DAANc1O |url-status=dead }}</ref>

In 2024, SEEK merged its APAC employment marketplaces - SEEK, Jobstreet and Jobsdb - into a single unified platform powered by SEEK's AI technology. This integration brings together millions of talent and employers across APAC.<ref>{{Cite web |last=News |first=SUNDY LOCUS, GMA Integrated |date=2024-01-31 |title=Jobstreet, JobsDB, SEEK merged in single, AI-powered platform |url=https://www.gmanetwork.com/news/money/companies/896034/jobstreet-jobsdb-seek-merged-in-single-ai-powered-platform/story/ |access-date=2024-02-05 |website=GMA News Online |language=en}}</ref>

==References== {{Reflist}}

Category:1997 establishments in Malaysia Category:MSC Malaysia Category:Employment websites Category:Malaysian websites Category:Business services companies established in 1997 Category:2014 mergers and acquisitions Category:Companies based in Kuala Lumpur Category:Privately held companies of Malaysia Category:Companies formerly listed on MESDAQ Category:Online companies of Malaysia