With a name like this, we could think that it was originally from an Asian country. But Xing is German and celebrates its 15 years of existence. Xing now acquires the international social media group for expats International! If you have ever worked abroad, you will definitely know that a network is beneficial to meet like-minded people once away from your country.
Xing Vs. Linkedin (Microsoft) Stock Price
First and foremost is worth mentioning that Xing Stock Price is currently 338 EUR. In contrast, Linkedin stopped being a standalone company as they were bought by Microsoft Corporation (MSFT) in December 2016. Its last price was $195.96, an acquisition of $26.2 billion, one of the most significant purchases by Microsoft to date. Another significant difference in Xing Vs. LinkedIn is that you can utilize the advance search without a premium profile on LinkedIn. Xing needs the user to have the paid profile. In 2016, around 820,000 DAX Group employees were on LinkedIn, and just fewer than 240,000 were in Xing.
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The German professional social network was created in 2003. The official websiteÑwww.xing.com. It becomes popular in German-speaking countries. What we call DACH for Deutschland, Austria, Confédération, Helvétique (Switzerland).
Xing Growth
Xing counts more than 15 million users. It is far from being the first professional network as compared to LinkedIn, with its 500 million users. However, the European impact is more prominent. Xing counts 13 millions of users in the DACH area when LinkedIn gets only 11 million.
Xing Features
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- It provides group features, such as newsgroups, for instance, finding people in specific industries.
- You can contact someone outside your network.
- Also, there is a system of private communities, a service often used by companies, which have their own interfaces.
- Other features: the “my network’s news” zone, modeled on Facebook’s news feed, will allow the user to be informed of the updates made by his contacts, updated profile, change of position or company.
- Users can also see the appointments and groups to which their business contacts participate. These decide to inform or not their contacts via the parameters of their private sphere.
- Another new application: The mapping or satellite positioning of members, with the help of Google Maps, each connection member can see the business address of his contacts on the map. Of course, it happens if access to this data has been authorized.
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Local Player, Ambitious Competitor
In the business sectors, there are not numerous ways to exist and be showy. You can play in the Giants’ backyard with Google, Facebook, or LinkedIn. On the other hand, you can play local first. Xing opted for the second option. The companies that want to operate in the middle of that way, as tried the French Viadeo, exposed themselves to disappointments. Well, it was a calculated and cleaver growth for Xing. Business is going pretty well. They announced a net profit of 15.4 million Euros this year, up to 20% year on year. Also, the Turnover jumped 28% to 110.5 million Euros. Concerning the social media networks having to do with business and employment, only two big players are there in the German ground, which are Xing and LinkedIn. Although everybody in the field knows the importance of each player in the market, still more information is needed in the regard.Xing Vs. LinkedIn Great Outbursts
Xing is a German company. In contrast, LinkedIn is an American company that Microsoft owns and is now growing faster than Xing. The headquarter of the German company Xing is located in Hamburg, and Suddeutsche Zeitung reports that LinkedIn has been a reliable and successful story in Germany. In Munich 2011, the first office of LinkedIn was opened, and at that time, only five workers were there in the team. By 2016, the team has grown to 60 staff members, and even they have to move to another office located in a shopping center in downtown Munich.
LinkedIn in Germany
Although Xing in terms of members might be more extensive and stronger than LinkedIn in Germany. However, it loses ground in the case of traffic, and the more significant reason is mobile traffic. LinkedIn here leads when you are making a comparison of LinkedIn vs. Xing. Well, Xing definitely should work on the quality feature of its mobile App. Another Xing vs. LinkedIn secret is that last year, LinkedIn reached around 11 million members in the German-speaking countries of Germany, Switzerland, and Austria. On the other side, Xing reached about 13 million members in the same county. However, both LinkedIn vs. Xing phrase is understood as more than a competitor. Even though LinkedIn has made one million new members successfully in the county for every seven months. LinkedIn, with the highest number of German users in Frankfurt, Cologne, and Munich has made new members. Whereas, a spokesperson of Xing reported to The Local that recently they are growing faster compared to their competitor LinkedIn.
More Than a Search Tool for the Job
Since July 2012, LinkedIn has made itself familiar as more than a job search engine. In terms of a user interface, you may feel it is similar to Facebook. These same features include the main feed displaying news, interests and subscriptions, jobs, and notifications that are based on a user’s connections. Moreover, it stands in bleak contrast to the simple start page of the Xing. A similarity is visible between LinkedIn vs. Xing, which is the availability of the chance to build profiles and create a career network on both professional platforms. Members of LinkedIn are supported to share photos, links, videos, and write featured content while sharing their own professional experiences.
Make Use of Influencers
The editorial teams function in six distinctive languages. These teams help users to come up with topics to discover and sustain them with the structure and style of a text, relating to Jörg Bueroße, editorial head of the German-speaking region. Also, the teams see 500 global influencers posting on the site regularly. “Bueroße told SZ explaining that influencers are personalities or experts from a vast range of fields. Examples of influencers in Germany include the CEO of Daimler, Dieter Zetsche, and the editor of Wirtchaftswoche, Miriam Meckel. Thus they don’t get any money for their postings, nor do they about 2,000 other German-speaking members who post regularly. According to Bueroße, they can strengthen their own brand in this way,Is Xing Ending? Future of Xing vs. LinkedIn
Well, the end of Xing is not coming soon, but it is not far away either. The Xing boards of directors are trying for a takeover bid from LinkedIn, but it does not seem possible. As you know, the fact that takeovers are not that easy. And it requires approval from many parties tends to slow down any growth. Professionals will analyze if the market will shrink the competition. However, LinkedIn is not open to this discussion right now. Even though Microsoft and Linkedin's acquisition puts Linkedin in the lead, Xing's Stock price keeps increasing year after year.