{"id":36969,"date":"2017-07-27T05:46:57","date_gmt":"2017-07-27T05:46:57","guid":{"rendered":"https:\/\/www.biphoo.com\/bipnews\/?p=36969"},"modified":"2017-07-27T05:46:57","modified_gmt":"2017-07-27T05:46:57","slug":"workspace-startup-wework-opens-china-unit-backed-by-hony-capital-softbank","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/technology\/workspace-startup-wework-opens-china-unit-backed-by-hony-capital-softbank.html","title":{"rendered":"Workspace startup WeWork opens China unit backed by Hony Capital, SoftBank"},"content":{"rendered":"<h2 style=\"text-align: justify\"><span style=\"font-size: 18pt\"><strong><span style=\"color: #000000;font-family: Arial, Helvetica, sans-serif\">Workspace startup WeWork opens China unit backed by Hony Capital, SoftBank<\/span><\/strong><\/span><\/h2>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">Co-working space startup WeWork Cos revealed plans on Thursday for a Chinese unit with the backing of China&#8217;s Hony Capital and Japan&#8217;s SoftBank Group Corp, as it seeks to benefit from booming demand for shared office space in the world&#8217;s second-largest economy.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">SoftBank and Hony Capital, one of China&#8217;s largest private-equity firms, led a $500 million investment to set up WeWork China, which will use the funds to expand beyond current locations Beijing and Shanghai to at least five more large cities in the next six to 12 months, WeWork co-founder and Chief Executive Officer Adam Neumann said in an interview.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 14pt;font-family: Arial, Helvetica, sans-serif\">State-owned real estate developer Greenland Group and hospitality company Jin Jiang International (Holdings) Co Ltd &#8211; parent of Hong Kong-listed Shanghai Jin Jiang International Hotels Group &#8211; will also be part of the local unit, he said.<\/span><\/p>\n<p style=\"text-align: justify\"><span style=\"color: #000000;font-size: 8pt;font-family: Arial, Helvetica, sans-serif\">source:-http:\/\/www.reuters.com\/article\/us-wework-hony-china-idUSKBN1AC0F5<\/span><\/p>\n<div class=\"fb-background-color\">\n\t\t\t  <div \n\t\t\t  \tclass = \"fb-comments\" \n\t\t\t  \tdata-href = \"https:\/\/www.biphoo.com\/bipnews\/technology\/workspace-startup-wework-opens-china-unit-backed-by-hony-capital-softbank.html\"\n\t\t\t  \tdata-numposts = \"10\"\n\t\t\t  \tdata-lazy = \"true\"\n\t\t\t\tdata-colorscheme = \"light\"\n\t\t\t\tdata-order-by = \"social\"\n\t\t\t\tdata-mobile=true>\n\t\t\t  <\/div><\/div>\n\t\t  <style>\n\t\t    .fb-background-color {\n\t\t\t\tbackground: #ffffff !important;\n\t\t\t}\n\t\t\t.fb_iframe_widget_fluid_desktop iframe {\n\t\t\t    width: 630px !important;\n\t\t\t}\n\t\t  <\/style>\n\t\t  ","protected":false},"excerpt":{"rendered":"<p>Workspace startup WeWork opens China unit backed by Hony Capital, SoftBank Co-working space startup WeWork Cos revealed plans on Thursday for a Chinese unit with the backing of China&#8217;s Hony Capital and Japan&#8217;s SoftBank Group Corp, as it seeks to benefit from booming demand for shared office space in the [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":36984,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[27494,27493,27492],"class_list":["post-36969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-startup-workspace-design","tag-startup-workspace-nyc","tag-workspace-startup"],"_links":{"self":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/36969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/comments?post=36969"}],"version-history":[{"count":0,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/posts\/36969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media\/36984"}],"wp:attachment":[{"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/media?parent=36969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/categories?post=36969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biphoo.com\/bipnews\/wp-json\/wp\/v2\/tags?post=36969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}