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

–FILE–Chinese employees work at a WeWork co-working space in Shanghai, China, 28 February 2017.
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 (26 July 2018). 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.

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Jacob Maslow is a father of 5, editorial specialist and health enthusiast.

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