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July 27, 2017 05:34 am GMT

WeWork launches dedicated China business backed by $500M from investors

WeWork is making a big move to win the co-working market in China after it announcedthe creation of a standalone WeWork China business, backed by $500 million from existing backers SoftBank andHony Capital.It isn’t clear whether this fresh influx of capital is tied to a recent $760 million financing round that closed earlier this month, at a reported valuation of $20 billion.The… Read More

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/Kqc4E1Sga-k/

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