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Not properly updated in years

No significant updates to this page in years. Odd given that Xing is a fairly big deal, in Germany anyway. There is also a lot of corporate bull on it too, though it's hard to tell how much of that is just down to the language barrier/poor translation.

My suggested changes:

XING
FormerlyOPEN Business Club AG
Company typePublic
O1BC.DE
ISINDE000XNG8888
IndustryRecruitment, social networking
FoundedNovember 1, 2003; 21 years ago (2003-11-01) in Hamburg, Germany
FounderLars Hinrichs
Headquarters
Hamburg
,
Germany
Key people
Thomas Vollmoeller (CEO)
Members16m (2019)
ParentHubert Burda Media

XING (named openBC/Open Business Club until November 2006) is a Hamburg-based career-oriented social networking site. The site is primarily focused on the German-speaking market, alongside XING Spain and XING S.à rl in Luxembourg.

XING competes with the American platform LinkedIn and the European site Viadeo.[1][2]

Company history

OPEN Business Club AG was founded in August 2003 in Hamburg, Germany by Lars Hinrichs.[3][4] Its official debut was 1 November 2003. It was renamed XING in November 2006.

In its early years the site pursued a global strategy, but since 2012 XING has focused on the German-speaking market, as 76% of all XING page views come from Germany and 90% come from from the D-A-CH area.[5]

XING changed its legal status to become a Societas Europaea in September 2017.

Leadership

Lars Hinrich led the company as CEO until 2009,[4] when he was succeeded by Stefan Groß-Selbeck.[6] Current CEO Thomas Vollmoeller has served since 2012.[7]

Number of users

As of April 2019, XING reported 16 million members, up from 10 million members in the D-A-CH area in March 2016, which at that time included 880,000 premium members.[8]

Ownership and acquisitions

In November 2009 Hubert Burda Media acquired 25.1% of XING, becoming its main shareholder.[9][10][11] In 2010 XING acquired online event management company Amiando, changing its name to XING EVENTS[12]. In 2012 Burda increased its shareholding to over 50%.[13] In 2013 XING acquired Austrian e-recruiting company Kununu.[14] In 2015 XING announced a cooperation project with eyeson,[15] a unified communications provider.[16] In 2017 XING acquired global expat network InterNations and Austrian recruitment company Prescreen.[17] In April 2019 XING paid €22 million for Honeypot, a Berlin-based IT job platform.[18]

IPO

XING became the first Web 2.0 company to go public in Europe,[19]debuting on 7 December 2006 at an issue price of 30 Euros per share.

Membership

The platform offers personal profiles, groups, discussion forums, event coordination and other social media features.

Registered users enter professional and private data in a profile, including their education, experience, and interests. Potential employers and collaborators can search for and contact users based on this information. Both parties must agree to all connections and the user decides who sees their information.

Basic membership is free, but some core functions, like advanced search or messaging, are paid-for. XING also offers public event calendars for various regions and themes. An appointment function can be used to organize private events. XING has an Ambassador program for each city or region that is home to a substantial number of users. Ambassadors hold local networking events. XING also offers a system for closed communities, called Enterprise groups, used by companies including IBM, McKinsey, Accenture.[20]

Since March 2014, XING has charged Swiss customers significantly higher prices than customers in other countries, leading to criticism.[21] Former members who have deleted their profiles have complained about receiving newsletters and email messages after closing their accounts.[22]

Recuitment

Since October 2007, XING has run a job marketplace for candidates and recruiters. Alongside fixed-price job ads, XING was one of the first German job boards to use a pay-per-click payment model, where the cost of an ad is based on user views.

See also

References

  1. ^ "Class war". The Economist. 2009-11-19. ISSN 0013-0613. Retrieved 2019-07-13.
  2. ^ Markoff, John (2007-01-24). "Move Over Silicon Valley, Here Come European Start-Ups". The New York Times. ISSN 0362-4331. Retrieved 2019-07-13.
  3. ^ Hinrichs, Lars (2010-05-17). "to all: XING has only *1* Founder and that's me. I am so fed up with people who try to claim some fame with the XING story". @larshinrichs. Retrieved 2019-07-13.
  4. ^ a b Zee (2010-06-08). "XING founder Lars Hinrichs launches HackFWD, a new European startup incubator". The Next Web. Retrieved 2019-07-13.
  5. ^ LinkedInsiders (2012-02-12). "LinkedIn: The next big Xing? Businessnetzwerke in Deutschland 2012". LinkedInsider Deutschland (in German). Retrieved 2019-07-13.
  6. ^ "Xing appoints eBay executive Gross-Selbeck as CEO". www.campaignlive.co.uk. Retrieved 2019-07-13.
  7. ^ "Thomas Vollmoeller: Der Xing-Chef im Interview". manager magazin. Retrieved 2019-07-13.
  8. ^ Bowser, Jacquie (24 November 2008). "Freude bei Xing: Karriere-Netzwerk vermeldet über 10 Mio. Mitglieder in DACH-Region". www.absatzwirtschaft.de. Retrieved 2019-07-13. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  9. ^ "Burda wird Hauptaktionär von Xing". kress.de. 18 November 2009. Retrieved 13 July 2019.
  10. ^ "XING: Hubert Burda Media neuer Hauptaktionär der XING AG". OnlinePresse.info. 20 November 2009. Retrieved 13 July 2019.
  11. ^ Schürmann, Christof. "Burda: Verleger Burda hat Xing im Visier". www.wiwo.de (in German). Retrieved 2019-07-13.
  12. ^ "Amiando gefühlt unter Wert verkauft: Xing übernimmt für 10,35 Mio. Euro". Gründerszene Magazin (in German). 2010-12-10. Retrieved 2019-07-13.
  13. ^ "Digitale Expansion: Medienhaus Burda hat Xing übernommen". manager magazin. Retrieved 2019-07-13.
  14. ^ dpa (2013-01-08). "Internet: Xing übernimmt Karriere-Portal in Österreich". Die Zeit (in German). ISSN 0044-2070. Retrieved 2019-07-13.
  15. ^ "Videokonferenz: Xing setzt auf steirisches Know-how". www.kleinezeitung.at (in German). 2015-07-17. Retrieved 2019-07-13.
  16. ^ "Visocon Named a 2017 Cool Vendor by Gartner". UC Today. 2017-07-31. Retrieved 2019-07-13.
  17. ^ "Xing kauft Wiener Start-up Prescreen für 17 Millionen Euro". futurezone.at (in German). Retrieved 2019-07-13.
  18. ^ Lunden, Ingrid. "German LinkedIn rival Xing is rebranding as 'New Work,' acquires recruitment platform Honeypot for up to $64M". TechCrunch. Retrieved 2019-07-13. {{cite web}}: Cite has empty unknown parameter: |dead-url= (help)
  19. ^ Charlton, Graham (2006-12-12). "Web 2.0 company Xing raises €35.7 million in IPO". Econsultancy. Retrieved 2019-07-13.
  20. ^ "LinkedIn takes on Xing, or the other way around?!". Search Engine Journal. 2007-01-29. Retrieved 2019-07-13.
  21. ^ "inside-it.ch: Xing wird für Schweizer teurer". inside-it.ch. Retrieved 2019-07-13.
  22. ^ "Versuch einer Kündigung: Xing - hartnäckig wie Herpes". Spiegel Online. 2016-09-07. Retrieved 2019-07-13.

JRSwiki2019 (talk) 11:19, 15 July 2019 (UTC)

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