Seek takes A$356m impairment on Zhaopin as it reshapes China stake

The latest update is out from Seek Limited ( (AU:SEK) ).

Seek Limited will book a A$356 million post-tax impairment on its investment in Chinese online recruitment platform Zhaopin in its first-half 2026 results, cutting the carrying value of the stake to A$182 million from A$529 million as at mid-2025. The write-down follows a review of asset values and reflects updated valuation benchmarks amid weak Chinese macroeconomic conditions, competitive pressures on Zhaopin, and a more cautious earnings outlook.

The company is in talks with other Zhaopin shareholders on a proposed simplification of the ownership structure that would see excess cash used to reduce certain minority holdings and increase Seek’s stake to about 30 percent, without any cash outflow. A new management team at Zhaopin has completed a strategic review that will shift the business toward growth areas aligned with China’s economic priorities, requiring higher near-term investment and margin pressure in 2026–27 but aimed at improving long-term performance and alignment among shareholders.

The most recent analyst rating on (AU:SEK) stock is a Hold with a A$20.00 price target. To see the full list of analyst forecasts on Seek Limited stock, see the AU:SEK Stock Forecast page.

More about Seek Limited

Seek Limited is an Australian-based online employment marketplace that connects job seekers with employers across multiple markets. The company focuses on digital recruitment services and employment platforms, with strategic investments in regional job portals such as China-based Zhaopin to support its broader Asia-Pacific growth ambitions.

YTD Price Performance: -20.80%

Average Trading Volume: 1,023,951

Technical Sentiment Signal: Sell

Current Market Cap: A$6.52B

See more data about SEK stock on TipRanks’ Stock Analysis page.