Cathay Associates Kejie advised Hong Dao Capital on its lead investment in LAGOU RMB220,000,000 series C financing.

Internet vertical recruiting platform LAGOU recently announced that it obtained 220million of RMB investment on its series C financing.  The financing was mainly from Hong Dao Capitaland was followed by Qiming Venture, Rong Chao Investment and other instituteinvestors, with China Renaissance acting as the exclusive financial advisor.  The new round financing will be used todevelop products and technology, bridge individuals and enterprises, providemore diverse human resource service, thus helping LAGOU achieve its vision that“Every Internet User Has a Better Career Development”.

Foundedin July, 2013, LAGOU has become the leading brand in Internet recruiting area,with more than 110 thousand enterprise clients and 6 million individualclients.  More than 95% famous Internetcompanies are using LAGOU.  LAGOU hascontributed 40% of recruits for high-growth Internet companies.  Meanwhile, it has started experimenting with commercialization since the second half of 2015 and achieved revenue of 70million RMB.  The estimated revenue of2016 will reach 200 million RMB.

Thelegal services provided by Cathay Associates Kejie for Hong Dao Capital on itsseries C investment in LAGOU included, among others, (i) conducting legal duediligence investigation; (ii) drafting and revising the transaction documents;(iii) participating in the commercial and legal negotiations.

Cathay Associates Kejie team is led by partner Fred Hao and includes Liu Xiayi, HeYuting and Cui Ying.