Group 1 - Lucas GC Limited announced a follow-on offering of 32,150,000 ordinary shares at a public offering price of $0.20 per share, aiming for total gross proceeds of $6,430,000 before fees and expenses [1] - The offering is expected to close on or about June 23, 2025, pending customary closing conditions [1] - AC Sunshine Securities LLC is acting as the placement agent for the offering [2] Group 2 - A registration statement related to the offering has been filed and declared effective by the United States Securities and Exchange Commission [3] - The offering is being made only by means of a prospectus that is part of the effective registration statement [4] Group 3 - Lucas GC Limited holds 19 granted U.S. and Chinese patents and over 75 registered software copyrights in AI, data analytics, and blockchain technologies [5] - The company operates a platform with over 780,320 agents, focusing on the human resources and insurance industry verticals [5]

Core Insights - The recruitment industry is facing challenges due to overwhelming candidate pipelines influenced by remote work, economic uncertainty, and AI-driven mass applications, leading to a rise in fraudulent applications [1] - Gartner predicts that by 2028, up to 25% of job applicants could be fraudulent, utilizing advanced AI tools to circumvent standard hiring controls [1] Company Overview - Greenhouse is a leading hiring platform aimed at improving hiring processes for companies, providing AI-powered software that supports every stage from sourcing to onboarding [6][7] - The company has assisted over 7,500 organizations across various industries in enhancing their hiring performance [9] Product Features - Greenhouse Real Talent integrates with CLEAR1 to enhance candidate verification, allowing recruiters to focus on genuine candidates [2][4] - The integration enables seamless identity verification by matching a candidate's selfie with their government-issued ID, ensuring authenticity [8] - Over 31 million existing CLEAR users can verify their identity instantly with a selfie, streamlining the hiring process [8] Benefits - For customers, the integration reduces recruiting costs and saves time by filtering verified candidates, allowing hiring efforts to concentrate on the right individuals [8] - For candidates, the process offers a fast and secure way to verify their identity, enhancing trust with recruiters [8] Future Plans - The Greenhouse Real Talent + CLEAR1 integration is set to launch for select customers in Q3 2025, with further details to be announced [5]

Core Insights - Workday has been recognized as a Leader in the inaugural Gartner Magic Quadrant for Talent Acquisition Suites, highlighting its effectiveness in helping organizations attract and retain talent [1][3] - The company's AI-powered talent acquisition suite, which includes Workday Recruiting and HiredScore AI, aims to streamline the hiring process and improve candidate experiences [2][3] Group 1: Workday's Talent Acquisition Solutions - Workday's talent acquisition suite is designed to manage the entire hiring process, from sourcing candidates to onboarding, enabling organizations to build high-performing teams [2][3] - The suite includes features that reduce candidate screening time by an average of 57% and allows organizations to fill 70% of requisitions from existing talent pools, enhancing retention and reducing costs [5] - Workday's solutions also focus on delivering exceptional candidate experiences through personalized interactions and communication, which strengthens employer branding [5] Group 2: Market Position and Client Base - More than 4,795 organizations globally, including notable names like AdventHealth, BDO Canada, JLL, and Pfizer, utilize Workday's recruiting solutions [1][2] - The platform is built with AI at its core, serving over 11,000 organizations, including more than 60% of the Fortune 500, indicating its strong market presence [7]

Core Viewpoint - Baiya International Group Inc. announced a partial waiver of lock-up restrictions on shares held by certain international groups, allowing for the sale of up to 2,950,000 shares following its recent IPO of 2,500,000 shares [1][2]. Group 1: Company Overview - Baiya International Group Inc. has transitioned from a job matching service provider to a cloud-based HR technology company, offering one-stop crowdsourcing recruitment and SaaS-enabled HR solutions through its Gongwuyuan Platform [4]. - The Gongwuyuan Platform is designed to enhance job matching and HR services in the flexible employment marketplace, integrating with traditional offline service models [4]. Group 2: IPO and Share Lock-Up - The partial waiver of the lock-up restriction will take effect on June 5, 2025, allowing the specified shares to be sold under the terms of the waiver [2]. - The lock-up period remains in effect for all other shares subject to the original agreements with the underwriters of the IPO [2].

Core Viewpoint - Click Holdings Limited has received a notification from Nasdaq indicating that it no longer meets the minimum bid price requirement of $1 per share, based on its closing bid price from April 16, 2025, to May 29, 2025 [1][2]. Compliance Period - The company has been granted a 180-calendar-day compliance period until November 26, 2025, to regain compliance with Nasdaq's continued listing requirement [2]. - If the company's stock price reaches at least $1.00 per share for a minimum of ten consecutive business days during this period, Nasdaq will confirm compliance [2]. Potential for Additional Time - Should the company fail to regain compliance by the deadline, it may be eligible for additional time, provided it meets other listing standards, excluding the bid price requirement [3]. - The company may need to implement a reverse stock split if necessary to cure the deficiency [3]. Company's Response - The company is currently evaluating options to regain compliance and is committed to making reasonable efforts to meet Nasdaq's continued listing requirement [4]. Company Overview - Click Holdings Limited is a fast-growing human resources solutions provider based in Hong Kong, focusing on matching clients' human resources needs through an AI-empowered talent pool [5]. - Key business areas include nursing solutions, logistics solutions, and professional solutions [5].

Core Insights - BOSS Zhipin reported a revenue of 1.923 billion yuan and a net profit of 512 million yuan for Q1 2025, continuing to expand its user base and improve operational efficiency [1][4] - The company focused on increasing profitability while maintaining technological investments, which contributed to its growth [1][4] Revenue Growth - Revenue for Q1 2025 increased by 12.9% year-on-year, driven by user growth and improved penetration rates [2][4] - The number of paid enterprise clients reached 6.4 million, up 12.3% year-on-year [1][2] User Demographics - Over 45% of new users in Q1 2025 were from the blue-collar segment, with blue-collar revenue contributing over 39% of total revenue [2] - Revenue from third-tier cities and below increased by 3 percentage points to over 23% year-on-year [2] Cost Management - Sales and marketing expenses decreased by 15% year-on-year, while R&D expenses fell by 9% and general and administrative expenses decreased by 2% [4][6] - The company achieved a healthy profit growth with a net profit increase of 111.9% year-on-year [4] Market Outlook - The human resources service market is expected to maintain strong momentum in the medium to long term, with a recovery in recruitment demand observed since late 2024 [5][6] - BOSS Zhipin's stock outperformed the Nasdaq China Golden Dragon Index, rising over 35% during a period when the index fell more than 20% [5][6] AI Integration - BOSS Zhipin is leveraging AI technologies to enhance user experience and operational efficiency, with AI tools being applied in various business scenarios [7][8] - The company has expanded its AI user testing scale and penetration, improving job matching accuracy and providing personalized services for job seekers [8][9] Service Enhancements - The company continues to optimize job search experiences for blue-collar workers and students, with features like "map job search" and "rapid interview scheduling" [9] - During the spring recruitment season, BOSS Zhipin provided tens of thousands of job opportunities for students, utilizing AI tools to recommend jobs and generate customized job reports [9]

Core Viewpoint - Baiya International Group Inc. reported a resilient performance for fiscal year 2024, achieving a revenue growth of 10.7% despite economic challenges, driven by a focus on project outsourcing services and strategic partnerships in the logistics sector [2][4]. Financial Performance - Net revenues for fiscal year 2024 were $12.8 million, an increase of 10.7% from $11.6 million in fiscal year 2023 [4][5]. - Gross profit rose to $1.4 million, reflecting a significant increase of 75.4% from $0.8 million in fiscal year 2023 [5][9]. - The company turned a net loss of $1.1 million in fiscal year 2023 into a net income of $6,687 in fiscal year 2024, with basic and diluted net income per share at $0.00 compared to a loss of $0.10 in the previous year [5][12]. Revenue Breakdown - Revenue from project outsourcing services was $12.8 million, marking a 26.6% increase from $10.1 million in fiscal year 2023, primarily due to new contracts with major customers [6][19]. - Revenue from entrusted recruitment services decreased by 97.2% to $0.04 million, attributed to the lingering effects of COVID-19 preventive measures [6][19]. - Revenue from other services increased by 155.6% to $3,050, mainly from software revenue [6]. Cost and Expenses - Total cost of revenue was $11.4 million, an increase of 5.8% from $10.8 million in fiscal year 2023 [8]. - Total operating expenses decreased by 11.7% to $1.3 million, driven by reductions in general and administrative expenses and research and development costs [10][19]. Cash Flow and Financial Condition - As of December 31, 2024, the company had cash of $1.7 million, a significant increase from $0.03 million in the previous year [13]. - Net cash provided by operating activities was $1.6 million, compared to a net cash used of $1.8 million in fiscal year 2023 [13][20]. Recent Developments - The company completed its initial public offering on March 24, 2025, raising gross proceeds of $10.0 million by offering 2,500,000 ordinary shares at $4.00 per share [14][15].

Core Insights - Ethos is leveraging AI to transform the way experts are discovered and connected, addressing inefficiencies in traditional talent identification methods [2][6] - The platform aims to uncover hidden expertise by analyzing diverse data sources, allowing companies to find the right experts quickly and efficiently [2][6] Group 1: AI-Driven Expert Discovery - Ethos focuses on efficiently discovering and connecting experienced experts through an AI-driven platform that analyzes academic papers, GitHub projects, blogs, and podcasts [2][6] - The platform constructs knowledge graphs to highlight the contributions of overlooked experts, enabling businesses to access valuable insights [2][6] Group 2: Dual Product Systems - Ethos has developed two product systems: one for enterprise clients and another for individual experts, optimizing knowledge exchange [3][4] - The enterprise side allows clients to input natural language queries to find suitable experts, facilitating quick access to knowledge and experience [4][6] Group 3: Key Features and Advantages - Natural language search enables users to describe their knowledge needs, with the AI system matching relevant experts swiftly [7] - The platform boasts a response time in minutes, significantly faster than traditional expert networks [7] - Ethos aggregates top 0.1% of professionals from over 500 million, ensuring high-quality expert advice [7] - The platform supports various service scenarios, including expert consultations and strategic advisory roles [7] Group 4: Pricing Model - Ethos offers two main pricing models: pay-per-use and subscription, with subscription options at $249/month or $199/month/seat [10] - The pay-per-use model provides flexibility for clients with infrequent consultation needs, while the subscription model is more economical for frequent users [10] Group 5: Expert Platform Features - The expert side of Ethos allows professionals to set their consultation fees and schedules, with AI matching them to quality clients without intermediaries [13][14] - The platform ensures privacy and simplifies scheduling, allowing for immediate payment post-service [13][14] Group 6: Founders and Background - Ethos was co-founded by James Lo, a former McKinsey consultant, and Daniel J. Mankowitz, a reinforcement learning expert from DeepMind, both bringing extensive experience in strategy and technology [18][25] - The founders recognized inefficiencies in traditional expert networks and aimed to create a more effective system for talent discovery [18][25] Group 7: Funding and Partnerships - Ethos has secured €3 million in seed funding led by General Catalyst, with participation from several top-tier investment firms and angel investors [32] - The funding will be used for product development and market expansion, with over 25 global partnerships established to enhance expert identification [32]

朋友们，我先声明一下，这是一期有争议的播客，有的人听完受益良多，也有的人感觉被冒犯，但我认为这是时代交替中不可避免的思想碰撞。 美吉：很多人都觉得我应该是个猎头。但我每次都跟别人说我不是猎头。但如果你非要认为我是猎头，我希望你叫我"高管猎头"。他们说有什么区别？我 会告诉他们，高管猎头和猎头是有重大区别的。大家如果看过胡歌演的《猎场》这部电视剧的话，里面的就是高管猎头，更多的就是出入在五星级酒店、 高尔夫球场等等一些上层的这种环境里面，你所聊的都是CXO级别的，西装革履的这些谈吐非常优雅的这些人。 我自己做高管猎头，做了将近十年的时间。2004年入行，到2012年其实算是从高管猎头转型到一个职业经理人，管了一家高管猎头公司。这20年其实都是 在做跟顶级人才交易的事情。所以我自己从不认为我是个高管猎头，我说我是个"做人的生意"的人。在圈子里，创始人们给我一个外号，就是"创业圈最 强妈妈桑"。就是你要什么样的人，我这儿都有，只要你说的出来，就能给你找得到。 我自己其实最喜欢的是"超级链接者"这样的一个定义。我认为高管猎头和猎头是有绝对差异的。或者这么说，我觉得猎头在中国其实不太是个好词儿。因 为大多数创始人或大多 ...

Core Insights - TriNet has launched new HR products and enhancements aimed at helping small and medium-size businesses (SMBs) navigate economic uncertainty and AI-driven disruption [1][2] Product Solutions - The new offerings include an AI-powered Personal Health Assistant by Healthee, providing employees with real-time healthcare answers, available to TriNet customers in late 2025 [6] - Enhanced New Hire Onboarding features an upgraded PEO mobile app for administrators to submit new hire information on-the-go, along with secure e-signature functionality for document management [6] - An improved learning management system in collaboration with 360Learning includes an AI-powered content creation tool for custom training programs and a premium content bundle with over 1,000 training courses [6] - New wellbeing solutions in TriNet's Marketplace include My Secure Advantage for financial wellbeing coaching and Wellhub for holistic wellbeing benefits, supporting the overall wellbeing of employees [6] Company Commitment - TriNet emphasizes its commitment to delivering innovative HR solutions that empower SMBs to focus on growth and better HR decision-making [3][4]