In its push to compete in Southeast Asia, WeWork is pouring $500 million into the region

Connie Loizos, writing for TechCrunch;

Less than two weeks ago, WeWork took the wraps off a new massive round of funding — $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide.

Now, the company is announcing that it’s pouring that exact amount — $500 million — into expanding into Southeast Asia and Korea.

WeWork currently have more than 40,000 members in 23 cities worldwide. In Asia, they have 7 offices in 4 countries, namely China (including Hong Kong), India, Japan and S. Korea.