WeWork, the shared office provider that is among the world’s most valuable start-ups, has launched a unit in China to accelerate growth in one of its most competitive markets.
The formation of WeWork China, which has raised $500m from investors led by Hony Capital and SoftBank, comes on the heels of a deal last week in Japan where WeWork and SoftBank launched a joint venture.
New York-based WeWork, which rents office space and desks to freelancers and enterprises, has been on a fundraising spree this year and is accelerating its worldwide expansion.
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