Hong Kong, 9 October 2008 – Baker & McKenzie recently advised Monster Worldwide, Inc. (Monster), the leading global online careers and recruitment resource, on its acquisition of ChinaHR, one of the largest online recruitment companies in China. Monster paid US$174 million for the remaining 55% stake in ChinaHR.  Monster had previously acquired 45% of ChinaHR and made other loans to the company, for a total of $95 million.

The acquisition of the remainder of ChinaHR gives Monster a dominant presence in one of the world’s fastest growing recruitment marketplaces.  ChinaHR currently operates 12 offices across China, including Beijing, Shanghai, Guangzhou and Shenzhen. This acquisition reflects Monster's expanding international presence and reinforces Monster’s position as the leading global online recruitment resource.

The Baker & McKenzie team was led by Shanghai-based partner Howard Wu.  The team had lead responsibility for legal documentation, corporate and regulatory issues, and general transaction management.