Sino-Ocean Capital, the investment arm of real estate state-owned enterprise Sino-Ocean Group Holding, has led a RMB500 million (US$78 million) series B+ round in Chinese co-working space operator Nashwork.
Co-working space operators WeWork China and naked Hub today announced a deal to join forces to build a community with one million members by the end of 2021, in the biggest deal for WeWork and the biggest deal for the co-working sector in Asia.
Global co-working giant WeWork’s China unit is reportedly buying Chinese shared office space startup naked Hub for US$400 million according to sources close to the deal.
Asian co-working company naked Hub today today announced plans to acquire a 70% stake in Gravity, a premium co-working space in Australia for passionate entrepreneurs and professionals. The acquisition represents another important step forward for naked Hub, as the co-working operator continues to capitalize on the fast-growing co-working market and expand its presence globally.
January 20th 2018, Hong Kong – Asia’s leading premium co-working brand, naked Hub, will open a third location in Hong Kong’s up-and-coming Kwun Tong area of East Kowloon. As Kwun Tong district continues to undergo a large-scale revitalization, naked Hub offers larger floor plates to provide businesses and professionals with flexible and city-wide accessible working environments. Partnering with one of Hong Kong’s largest developers, Sun Hung Kai Properties, naked [email protected] Harbour Square in Kwun Tong is a testament to the …
Entrepreneurs, start-ups and companies are drawn to the flexible, vibrant and energizing atmosphere at naked Hub co-working space in Hong Kong, the newest and hippest shared work place in the metropolitan. "Hubbers", what naked Hub calls its tenants, found the work environment that comes with bright yellow bean bags and unlimited free beer an ideal place for networking, business cooperation at affordable prices.
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.
Shanghai-based co-working space operator naked Hub, backed by private real estate investment firm Gaw Capital, said it has expanded to five cities in China and Vietnam and grown its co-working hub network to 21 across the region.