• Facebook
    Twitter
    LInkedIn
    YouTube
    Weibo

DEAL CANCELLED: PE-Backed Chinese Co-Working Space Firm Naked Hub Merges With JustCo

CHINA MONEY NETWORK HAS LEARNED THAT THIS DEAL HAS BEEN CANCELLED — THE STORY BELOW IS ONLY FOR RECORD KEEPING — Chinese co-working start-up naked Hub, a private equity-backed unit under Chinese resort brand naked, has agreed to merge with Singapore-based peer JustCo. The merger aims to create the largest premium co-working operator in Asia to better compete against WeWork, the world’s biggest co-working company, boasting a US$20 billion valuation.

Grant Horsfield Wants To Get HSBC And Coca-Cola “Naked”

Grant Horsfield, founder of Shanghai-based resort and co-working space operator naked Group, always sees things differently. When others saw dilapidated farm houses in China’s countryside, he envisioned seclusive luxury resorts. Now, a year after entering China’s co-working space, the South African entrepreneur is convinced that the future of his multi-pronged hospitality and property business lies in fast execution.

Goodwin Gaw: China’s Property Market May See 10%-15% Price Drop

In this episode of China Money Podcast, our featured guest is Goodwin Gaw, managing principal and founder of Hong Kong-based private real estate management firm, Gaw Capital Partners, which manages US$7.5 billion. Gaw talked with our host, Nina Xiang, about where in the Chinese property market he sees price corrections this year, why his firm is staying on the sidelines investing in Hong Kong, and his thoughts on Gaw Capital’s performance. Read an excerpt below, but be sure to listen …