Human Capital Management Services

China Broadband Capital led a Series C round for Shanghai-based CDP Group Ltd., a provider of "human capital management" services. The size of the round was not disclosed. CDP before raised about $10 million in a 2006 Series B round. Investor Growth Capital Asia, a wholly owned subsidiary of Investor AB, contributed to that round, as did Fidelity Growth Partners Asia and Sumitomo Corporation Equity Asia. Investor AB and CSV Capital Partners are as well participating in the C Round of funding.

In recent years, CDP has achieved series of impressive milestones on Human Capital Management Services in Greater China and Asia Pacific region. CDP not only introduced the advanced concepts of HR BPO into China HR service industry, nevertheless also strived to promote and practice SaaS/Cloud based HR BPO in real cases. CDP is already the leader of China HR service industry for leading a significant revolution on Human Capital Management Services. Since 2011 CDP had pioneered the concept of cloud computing on its award-winning “One-Stop HRO Services”, which have been then received by a lot of large size, high-end clients. CDP has as well established industry records on customer retention ratio and satisfaction level.

“We are always aiming at Internet, media, telecom and high-tech enterprises, and ‘cloud computing’ is one of our major investment focuses. CDP has integrated the Internet, cloud-based platform and traditional HR services at the same time, and emerge as the real HR cloud services Leader in China and Asia, which is the one of the most important factors for us to select CDP,” said Mr. “Edward” ShuNing Tian, Chairman of CBC. “We are very optimistic about the development of CDP’s HR Cloud Services, and will help CDP to become one of the best world-class HR cloud service providers.”

The cloud are not illusory story

“Services delivered over the cloud are not illusory story, nevertheless rather a reality exists around us and brings us comprehensive benefit with greatest growth potentials hereafter. Especially in HR Services industry, we see opportunities to simplify the innovation infrastructure and enhance the transaction efficiency dramatically and reaching cost reduction of about 30+ percent across through our cloud-based platform as versus the normal practice of manual processing currently adopted by the rest of the industry,” said Mr. Wayne W. Wang, Founder, Chairman and CEO of CDP Group Ltd. “The successful closing of the Series C funding is very significant achievement for CDP, which will help our company enter into a new stage of fast growth. Through our closer cooperation with CBC, we expect to leverage their strategic resources and gain valuable management experience. CDP is aiming to be the world-class player in the Cloud HR Services and the most successful HR BPO provider in the Asia-pacific region, and to achieve our goal of IPO in the nearly future.”

China Broadband Capital is a China-based private equity firm with focus on media and communications investment. Since its foundation in 2006, CBC has won the reputation as one of the most influential investors in telecom, Internet, broadband, media and research sectors in China. CBC has an exceptional investment team with complementary backgrounds and experiences consisting of industry leaders and executives, private equity professionals and entrepreneurs.

Series C round for Shanghai-based CDP Group Ltd

China Broadband Capital led a Series C round for Shanghai-based CDP Group Ltd., a provider of "human capital management" services. The size of the round was not disclosed. CDP before raised about $10 million […]

StoreFlix LLC, a startup developing research to help businesses to instantly gather, analyze and share in-store information about product displays, placement and inventory, has received a seed investment from […]

Infoblox Inc., which makes software and hardware for network automation, said it expects its initial public offering of 7.5 million shares to be priced between $12 and $14 each, Reuters reported. In a filing with […]