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.

WeWork

WeWork is the platform for creators. We provide everything you need to make a life, not just a living. The New York-based started was co-founded by Adam Neumann and Miguel McKelvey in 2010. The startup currently have more than 40,000 members in 23 cities worldwide.

WeWork continues Asian expansion with Hong Kong launch

Steven Millward, reporting for Tech in Asia;

Nearly eight months after first entering Asia with a co-working space in Shanghai, US-based WeWork has brought its hustle to the bustle of Hong Kong.

WeWork has just officially opened two Hong Kong facilities, bringing co-working spaces and services to entrepreneurs for prices that start at US$590 per month. One in Wanchai is in an unassuming building on Lockhart Road, while the other is in Jaffe Road’s Tower 535, affording an impressive view over Victoria Harbor.