labor - Recruitment firms moving fast into China

It is always nice when your own predictions become true, especially when it happens very fast. In the third week of August the regulations for foreign recruitment firms dramatically changed as they could take a majority share in their Chinese partners on the condition they would be registered in Pudong. That would change the playing field and I predicted that some of the foreign firms would grap that opportunity, if they were clever.
AFX reports now from London:

BNB Recruitment Solutions PLC today announced that its subsidiary, BNB Asia, has acquired 48 pct of the issued share capital of specialist recruitment consultants MRI China Holdings Limited, for 2.4 mln usd.

Not yet a majority, but the British firm is in for another ten percent of the equity. Earlier Careerbuilder.com announced t hey would go into business with 51jobs.com. More will be in the pipeline.