New York-based co-working start-up WeWork “merged” with Chinese rival Naked Hub for its local knowledge and technological strength, Adam Neumann, its co-founder and chief executive, said in Shanghai on Thursday.
“One plus one equals 11,” said Neumann, stressing that the “merger” would make WeWork “substantially larger and stronger”, as Naked Hub had a larger local technology team and more experience in local market.
“We do not consider it an…
Source : South China Morning Post
Read more…It’s a ‘merger’, says CEO as New York start-up WeWork makes play for China co-working crown with Naked Hub deal
