The race to open new co-working centres in Hong Kong reached another milestone last week when IWG-owned Spaces debuted its second new venue in the city within the last month.
The 37,500 square foot (3,483 square metre) Spaces Wai Yip… Read More>>
Pamfleet Pulls in Campfire to Fill Newly-Purchased Kowloon Retail Space
Plans by Hong Kong shared space provider Campfire to add a combined, kindergarten, shared office and food centre in the Whampoa section of Kowloon city to its existing set of five co-working centres on Hong Kong island were revealed in… Read More>>
Chinese Co-Working Unicorn Ucommune Raises $43.5M at $1.8B Valuation
Chinese co-working startup Ucommune announced this week that it has raised RMB 300 million ($43.5 million) in its latest blow in the battle for Asia co-working hegemony.
This new round of funding gives Ucommune a valuation of $1.8 billion and… Read More>>
Hillhouse, General Atlantic Lead $120M in Funding for WeWork China Challenger
WeWork challenger MyDreamPlus has raised $120 million in a Series C funding exercise involving six investors, including venture capital players Hillhouse Capital Management and General Atlantic.
The C-round was the Beijing-based company’s fourth and largest funding exercise so far, bringing… Read More>>
HK’s Three Garden Road Gets New TEC Location as Shared Office Market Grows
As co-working startups stumble over each other for Hong Kong office space, locally-based serviced office operator The Executive Centre, is literally taking the high road for a new centre recently opened at Champion REIT’s Three Garden Road. The new venue is… Read More>>
JustCo Sets Up Thailand JV with Frasers, Readies Second Bangkok Centre
Co-working operator JustCo this month achieved the latest milestone in its Southeast Asia expansion, after a Bangkok-based unit of Singapore-listed Frasers Property announced the formal creation of a joint venture with the Singaporean flexible office provider.
Thailand-listed Ticon Industrial Connection… Read More>>
Asia Leads the World with 36% Annual Growth in Co-Working Supply
While New York-based quest for a $40 billion valuation in its next upcoming financing round has focused global attention on co-working, the greatest growth for the shared office sector is coming from Asia, where the supply of flexible-term offices providing… Read More>>
Spaces Kicks Off Nine-Fold Expansion in Singapore Co-Working Centres
Co-working provider Spaces is opening five new locations in Singapore by the end of next year, taking its holdings in the country from a single site to half of a dozen shared office centres as rising rents and changing work… Read More>>
SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO
Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working spinoff Soho 3Q, according to a statement by the company, as investor interest and occupier demand continues to… Read More>>
Sino-Ocean, Huarong Rongde Lead $78M Bet on Co-Working Startup Nashwork
Sino-Ocean Capital and Huarong Rongde Asset Management have become the latest Chinese investors to bet on co-working, leading a RMB 500 million ($78 million) financing round in Beijing-based flexible office operator Nashwork.
The fresh investment round, announced on Nashwork’s official… Read More>>
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