WeWork launches China unit with $500m funding from Hony, SoftBank

WeWork launches China unit with $500m funding from Hony, SoftBank

A guest attends the opening ceremony of WeWork Hong Kong flagship location in Hong Kong, China February 23, 2017. REUTERS/Bobby Yip

Co-working space startup WeWork said on Thursday it has set up a Chinese unit with the backing of China’s Hony Capital and Japan’s SoftBank Group Corp to tap booming demand for shared office space in the world’s second-largest economy.

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