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>>
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>>
Softbank, Hony, Trustbridge Lead $500M in New Funding for WeWork China
WeWork has secured another $500 million in funding for its China expansion as the global co-working giant and its partners Hony Capital and Softbank prepare to battle for domination of the mainland shared office market.
“This investment will help WeWork… 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… 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>>
Kailong to Convert Eight HK Properties into Chain of Boutique Offices
Warburg Pincus-backed Kailong has purchased eight properties in Hong Kong over the last year, and now the real estate fund manager is taking a few pages from WeWork’s success story as it plans to redevelop this HK$3.7 billion ($471 million)… 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>>
SG Co-Working Operator The Great Room Leases First HK Space in Swire’s One Taikoo Place
High-end Singaporean co-working provider The Great Room is venturing into Hong Kong for the first time by leasing a full floor in Swire Properties One Taikoo Place project in Quarry Bay, according to a revelation today by Swire’s head of… Read More>>
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