HRnetGroup Expands with Launch of EOR Service ‘doudou’

HRnetGroup Ltd. ( (SG:CHZ) ) has shared an update.

HRnetGroup Ltd. has launched a new subsidiary, Doer Pte Ltd, branded as doudou, to provide Employer of Record (EOR) services, enabling businesses to employ across borders without setting up local entities. The initiative, led by industry veteran Chen Ping, aims to leverage HRnetGroup’s expertise to support businesses in navigating employment complexities, thereby allowing them to focus on core operations. While the immediate financial impact may be minimal, the company views this as a strategic long-term investment to enhance its market reach and foster reciprocal growth within its ecosystem.

The most recent analyst rating on (SG:CHZ) stock is a Buy with a S$0.82 price target. To see the full list of analyst forecasts on HRnetGroup Ltd. stock, see the SG:CHZ Stock Forecast page.

More about HRnetGroup Ltd.

HRnetGroup Ltd. operates in the human resources industry, offering services such as employment, payroll, and compliance solutions. The company focuses on facilitating business expansion into new markets, leveraging its network across 18 Asian growth cities.

Average Trading Volume: 173,194

Technical Sentiment Signal: Strong Buy

Current Market Cap: S$682.1M

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