market folly

Chase Coleman and Feroz Dewan's hedge fund Tiger Global has filed a 13G with the SEC regarding shares of Zhaopin (ZPIN).  Per the filing, Tiger Global now owns 18.6% of the company with over 2.49 million shares (represented by over 1.24 million ADR shares).

The filing was made due to activity on June 12th as the company has just completed its initial public offering (IPO).

You can view other recent portfolio activity from Tiger Global here.

Per Google Finance, Zhaopin is "a career platform in China, focusing on connecting users with relevant job opportunities throughout their career lifecycle. The Company’s zhaopin.com Website is a career-focused Website in China. The Company provides a range of services, including online recruitment, campus recruitment, assessment and other human resources related services. Through its zhaopin Websites and mobile applications, it provides classified job postings and display advertisements, resume access services and other online services. The Company provides campus recruitment services primarily to customers seeking to recruit college and university students. These services include selecting campuses, organizing recruiting events, collecting and managing resumes and conducting interviews and assessment tests with candidates."