LinkedIn opens Asia Pacific regional headquarters in Singapore
Singapore – May 31, 2011 – LinkedIn (NYSE:LNKD), the world’s largest professional network with more than 100 million members worldwide, today announced that it is opening the company’s Asia Pacific headquarters in Singapore. The Singapore office will serve as the regional headquarters to more than 18 million LinkedIn members in Asia Pacific and Japan. Supporting existing markets in Australia and India, the Singapore headquarters will also be used as a launch pad for further regional expansion. The company’s office in Japan is set to open later this year.
Arvind Rajan, Managing Director and Vice-President, Asia Pacific and Japan, will be responsible for driving the company’s diverse business model comprised of recruitment licensing solutions, advertising sales and member subscriptions. In the near-term, this will include a focus on membership engagement, sales and marketing, and strategic regional partnerships.
Commenting on the announcement, Rajan said, “LinkedIn is a truly global network. We understand that to be a worldwide network for professionals, you need to be local and relevant to them at home. Singapore is a hub for talent, and we are establishing our regional headquarters here to serve as a gateway to the rest of the region, to enhance local market understanding, and to develop further strategic relationships.”
With more than 4,000 multinational companies headquartered in Singapore, including more than one-third of Fortune 500 corporations, Singapore’s skilled talent base and strong government support, is well-positioned with LinkedIn’s aim of connecting talent with opportunity. Seventy-three of the Fortune 100 companies around the world use LinkedIn for talent acquisition.
Recruiters rely on LinkedIn’s large talent pool to find ‘passive’ candidates - highly skilled professionals who are currently employed. These passive candidates may not be actively seeking a new job opportunity but might be the best suited for key roles. At the same time, professionals in Asia Pacific are recognising the growing importance of their online personal brand in the changing social media landscape. comScore reports that LinkedIn visitors from Asia Pacific increased by 132 percent from March 2010 to March 2011.
“These are exciting times for LinkedIn. Our membership across Asia Pacific is being driven by professionals using LinkedIn to network, build their online brand, gain insights from the community and find new career or business opportunities," said Rajan. "We intend to focus our efforts on delivering the best product experience for our members in their careers, the brand marketers who want to reach them, and the recruiters who are looking to hire the best talent,” he added.
Founded in 2003, LinkedIn connects the world’s professionals to make them more productive and successful. With more than 100 million members worldwide, including executives from every Fortune 500 company, LinkedIn is the world’s largest professional network on the Internet. The company has a diversified business model with revenues coming from member subscriptions, marketing solutions and hiring solutions. Headquartered in Silicon Valley, LinkedIn also has offices across North America, as well as throughout Europe and Asia and in India and Australia.