WeWork to buy Chinese office space startup for $400M | Video | SupChina

WeWork to buy Chinese office space startup for $400M

WeWork’s China unit will acquire the local office space startup Naked Hub for $400 million.

It’s another aggressive push into the Chinese market after WeWork launched its first space in Shanghai in 2016.

The co-working company has locations across China, including Beijing, Shanghai, and Hong Kong, with an average occupancy rate of 90%.

Naked Hub, headquartered in Shanghai, was founded in 2015. It has 46 locations throughout Asia.

Jia Guo

Jia Guo is from the coastal city of Qingdao. She has an M.A. in multimedia journalism from NYU and has worked at Facebook and Bloomberg TV in New York City.

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