WeWork Asia

WeWork is raising tons of money as it marches toward Asia The company just raised another $500M

Adam Neumann and Seoul, Korea (Credit: Getty Images)

Following a Series G funding round that put its value at approximately $20 billion, co-working giant WeWork raised another $500 million for its expansion into the South Korean and South Asian markets.

The company also bought Singapore co-working firm Spacemob in a separate d爱上海同城论坛

eal, the Wall Street Journal reported. WeWork would not name the investors in the latest funding round, nor would it comment on the size of the Spacemob purchase.

When WeWork raised $760 million last month, its valuation was pegged at more than $20 billion, which is greater than publicly traded real estate investment上海贵族宝贝论坛

trusts li上海千花网龙凤论坛

ke Boston Properties and Vornado Realty Trust. Earlier this year, Japan-based Softbank invested $300 million in the company and could increase its funding.

The company, which is considering an IPO, is reportedly in talks to rent a building in Hong Kong’s nightlife district.

It also shook up i上海龙凤论坛sh1f

ts management structure, promoting Jen Berrent to COO and moving co-founder Miguel McKelvey to Berrent s former role as culture chief.  [WSJ] Miriam Hall

Tags: co-working space, Commercial Real Estate, Tech, wework
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