Contact platform Xing reports over half a million paying customers
Xing is successfully connecting people. As the operator of the business networking site announced on Wednesday, the German company recently surpassed the 500,000-mark for paying European users.
Xing networks with success. As the operator of the network for business contacts announced on Wednesday, the German company recently passed the 500,000 paying user mark. In a press release, Xing presented the pro forma figures for the first half of 2008 and spoke of a doubling of sales and a tripling of the half-year profit compared to the previous year. Around 140,000 new paying members were gained in the first six months of this year.
The sustainability of this business model is proven by a high customer retention rate. According to Xing, more than 75 percent of all paying members are still using their Premium membership three years after signing up.
In addition to its headquarters in Hamburg, Xing AG is also represented in Barcelona, Beijing and Istanbul. The company has been listed on the stock exchange since December 2006.
The sustainability of this business model is proven by a high customer retention rate. According to Xing, more than 75 percent of all paying members are still using their Premium membership three years after signing up.
In addition to its headquarters in Hamburg, Xing AG is also represented in Barcelona, Beijing and Istanbul. The company has been listed on the stock exchange since December 2006.
