A new player has jumped into Hong Kong’s rapidly growing co-working sector, with Amsterdam-based Spaces leasing out an entire building in a prime area of the city’s Sheung Wan area to serve as a shared office venue. The deal marks… Read More>>
WeWork Calls UrWork a Co-Working CopyCat in NY Lawsuit
Shared office giant WeWork is suing Beijing-based rival UrWork over its “confusingly similar name” as the Chinese company prepares to launch a new centre in WeWork’s home base of New York.
WeWork, the world’s largest co-working brand, filed the suit… Read More>>
IDG Capital Invests $15M in China Co-Working Startup Kr Space
China’s burgeoning shared office market has received another injection of cash with Beijing-based co-working startup Kr Space completing a new RMB 100 million ($15 million) investment led by existing backer IDG Capital Partners.
The new financing brings the total raised… Read More>>
SoftBank, Vision Fund Pump $4.4B into WeWork for Asia Growth
New York-based WeWork is adding $3 billion to its war chest from Japan’s SoftBank Group and the SoftBank Vision Fund, as the world’s biggest co-working startup aims for dominance of the Asian market. The fresh infusion of capital comes on… Read More>>
URWork Raises $30M from Kunming Developer, Plans 30K SQM Project
URWork, the Beijing-based shared office unicorn, has flexed its fundraising muscles once again by completing a new funding round for RMB 200 million ($30 million) from KCC, a state-owned developer based in the city of Kunming.
The $1.3 billion startup… Read More>>
High Office Rentals in Hub Cities Help APAC Lead Flexible Office Growth
Asia Pacific leads the world in flexible office growth, as the conventional workspace defined by cubicles and corner offices increasingly falls out of favour. According to a recent survey, the number of flexible office locations in six Asia Pacific cities… Read More>>
URWork Raises $178M From Prosperity Fund, Beijing Capital Land
Beijing-based flexible office startup URWork has displayed its fundraising prowess once again, announcing it has closed a RMB 1.2 billion ($178 million) round of financing from a group of mainland investors to fuel the $1.3 billion company’s overseas expansion.
For… Read More>>
WeWork Acquires SG’s SpaceMob in $500M SE Asia, Korea Push
WeWork, the New York-based flexible office giant, has announced a $500 million investment in a new vehicle to fund its expansion in Southeast Asia and South Korea, in another milestone for the region’s co-working sector.
In tandem with the investment,… Read More>>
SoftBank, Hony Lead $500M Investment in WeWork China Expansion
The battle for China’s co-working market has kicked into high gear, with New York-based shared office giant WeWork announcing it has raised $500 million for a new China unit.
Japan’s SoftBank and China’s Hony Capital are leading the investment in… Read More>>
WeWork Leads Hipster Takeover of Lan Kwai Fong – Adds HK Hotel to Co-Working Empire
Pub owners have blamed an invasion of hipsters swilling cheap beer at the local 7-Eleven for killing off some of Lan Kwai Fong’s best bars and clubs. Now the millennial menaces are poised to claim another victim in the famed… Read More>>