Tiger Global invests in labour management system

Tiger Global and Warburg Pincus have invested in labour management system provider GaiaWorks to capitalise on the boom in China's manufacturing and service industries.

Chinese workforce management system provider GaiaWorks has completed its Rmb300 million $44.3 million Series C funding led by Tiger Global, along with existing investor Warburg Pincus and Matrix Partners China.

Proceeds will be used to develop machine learning and artificial intelligence applications for staff scheduling and other labour management tools.

Asia has the largest labour market in the world. China makes up most of it and is viewed as the “manufacturer of the world”. According to research site Chyxx.com it had a working population of 824 million in 2016, most of them in the manufacturing and retail sectors....

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222