This marks the first merger in China’s co-working space sector.
By Lulu Yilun Chen
The round was said to have raised the four-year-old startup’s valuation to about $50 billion.
In startup related developments in Vietnam, Shanghai-based co-working space chain naked Hub is expanding its presence in the country while Uber has received the state approval to legally operate in different cities. Co-working space startup naked Hub to open three locations in Vietnam Gaw Capital-backed naked Hub has reportedly announced… Read more »
Global ride-hailing firm Uber Technologies is rethinking its car leasing strategy in India, its second-biggest market, as drivers have returned dozens of leased cars early after the company cut incentives, people familiar with the matter told Reuters. Uber had planned to buy 15,000 new cars last year and lease them out… Read more »