ECheng

About ECheng

ECheng (ifchange.com), registered as e成科技, is a Shanghai-based company founded in 2013 by CEO Zhou Youhong, who has an extensive background in the traditional headhunting industry. The company operates as a human capital software provider, leveraging artificial intelligence and big data to offer a suite of recruitment and talent management solutions. ECheng provides enterprises with services including a digital applicant tracking system, resume analysis, talent-to-position matching, and employee performance management, aiming to enhance the efficiency of talent acquisition and management.

The company's business model is centered on its Software-as-a-Service (SaaS) platform, which integrates AI to digitize the entire human capital process. It serves a broad client base, from large multinational corporations like Tencent, Vanke, and Alibaba to small and medium-sized enterprises across various sectors such as technology, real estate, and finance. ECheng's platform utilizes digital employee and organizational profiles, creating what it terms the "CEO's fourth report" to provide management with crucial data on human capital composition and competitive positioning. One of its key offerings included an AI-powered chatbot, "e小宝", designed to automate initial candidate screening and engagement.

ECheng has secured significant financial backing, raising a total of $80 million over three funding rounds. Its investment history includes a Series A in October 2014 from Lightspeed China Partners, a Series B in March 2016 from investors including Cathay Capital, and a substantial $80 million Series C round on March 25, 2019. The Series C was co-led by Lightspeed Venture Partners and Sunshine Insurance Group, with participation from previous investors. Despite its substantial funding and client roster, some data sources have marked the company as 'deadpooled'.