Property News · July 26, 2018

US co-working firm WeWork raises US$500 million to push ahead with China expansion


The China arm of US co-working space provider WeWork has raised US$500 million from a group of Asian investors to push forward its expansion in the country, the company said on Thursday.
WeWork China received the series B round financing from China’s Trustbridge Partners and Hony Capital , Singapore’s Temasek, and Japan’s SoftBank Group and SoftBank Vision Fund. The company’s China arm is worth US$5 billion, according to people close to the firm.
“This investment…

Source : South China Morning Post
Read more…US co-working firm WeWork raises US0 million to push ahead with China expansion

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