Tongdao Liepin Group, previously known as Wise Talent Technology Services Co (6100:HKG), the operator of Chinese online recruitment platform Liepin.com, reported revenue Friday of RMB 681.7 million (USD 107.6 million) for the three months ended 30 September 2021, an increase of 50.2% when compared to the previous year.

For the three months ended 30 September 2021, the revenue generated from the talent acquisition services and other HR services to business users was RMB 589.8 million (USD 92.4 million) compared with RMB 423.2 million (USD 66.3 million) generated during the same period in 2020, representing a year-on-year increase of 39.4%.

The number of verified business users increased from 682,001 as of 30 September 2020 to 946,077 as of 30 September 2021, representing a year-on-year increase of 38.7%

In the third quarter of 2021, with proactive marketing measures and comprehensive talent development services, including career advisory, certification training, etc., the group’s online platform’s individual user traffic grew steadily and reached a record high in September 2021.

For the three months ended 30 September 2021, the revenue generated from talent development services to individual users was RMB 91.6 million (USD 14.3 million) compared with RMB 29.9 million (USD 4.7 million) generated during the same period in 2020, representing a year-on-year increase of 206.1%. The number of registered individual users increased from 61.4 million as of 30 September 2020 to 71.6 million as of 30 September 2021, representing a year-on-year increase of 16.6%.

The group also published revenue for the nine months period ended 30 September 2021 of RMB 1.88 billion (USD 294.59 million), a 49.0% increase from the same period last year.

Shares in Tongdao Liepin closed on Friday at HKD 13.48 (USD 1.73), down 2.74% on the day. The company has a market cap of HKD 7.16 billion (USD 917.9 million).