GetLinks, a Thailand-based startup that provides a job finder app in six nations Southeast Asia and neighboring areas, has closed new funding led by Australia’s Search group and Alibaba’s Hong Kong Entrepreneur fund.
The dimensions of the funding was not disclosed. GetLinks beforehand raised $500,000 in 2016, and it later added $150,000 extra to that spherical. GetLinks stated Thailand’s SCG and quite a lot of current traders additionally took half within the spherical,
The deal appears extremely strategic for the younger firm given these two lead traders. Publicly listed in Australia, Search operates employment providers in 19 nations, together with standard Southeast Asia portals JobStreet and JobsDB. Its curiosity is centered round GetLink’s digital focus, which incorporates group occasions and a cell app for job-seekers.
Alibaba began its Hong Kong fund, which has a complete price range $130 million, in 2015. Its mandate is to assist Hong Kong-based corporations or ventures led by Hong Kong Chinese language founders.
GetLinks doesn’t instantly appear spring to thoughts — its founder Djoann Fal is French and it was began in Thailand — however the firm has an workplace (and entity) in Hong Kong, whereas co-founder and chairman Keenan Kwok is from Hong Kong.
The Alibaba fund — which is distinct from Alibaba Group and its e-commerce enterprise — has sometimes invested in corporations that may leverage its huge on-line retail footprint, however in GetLinks case the 2 corporations need to pool their sources round the usage of AI and machine studying in training.
GetLinks is planning to develop from recruitment into providing abilities and expertise coaching. That, plus is core enterprise, are areas the place Alibaba could assist with its AI may. The Chinese language agency launched a $15 billion initiative into rising know-how, together with AI, final yr and GetLinks might be one accomplice to assist practice its core AI tech and programs.
Extra usually, Alibaba can be working to construct a footprint in Southeast Asia, and GetLinks suits into that focus. Alibaba owns e-commerce agency Lazada, has invested in Indonesia’s Tokopedia and — as we reported earlier this month — it’s in talks to spend money on Seize. As well as, its fintech affiliate Ant Monetary has been busy hanging offers throughout the area.
GetLinks claims to have 500,000 registered job seekers, with 3,000 corporations on its platform.