WeWork
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FlySpaces, an Airbnb for office space in Southeast Asia, raises $2.1M
Now is a good time to be in the co-working industry in Southeast Asia, it seems. Barely days after WeWork announced plans to enter the region, which is home to over 600 million people, through the acquisition of Singapore startup Spacemob, now a company that operates like an Airbnb for office space rentals has raised money. FlySpaces, a startup headquartered in the Philippines… Read More
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WeWork acquires Israeli startup Unomy to boost its enterprise sales efforts
Global co-working behemoth WeWork is best known for providing flexible office rentals to startups and other small businesses, but enterprise clients are becoming an increasingly large portion of its business. With that in mind, WeWork has acquired Israeli startup Unomy to help its team sell enterprise clients on the idea of opening offices in its workspaces around the world. Read More
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SoftBank partners with China’s Ofo to bring its dock-less bikes to Japan
A month after committing to help WeWork enter Japan, SoftBank is lending a hand to another global unicorn with its sights set on the country. Today, it announced a tie-in that will bring Ofo’s dock-less bike rental service to Japanese soil. Ofo, which has raised more than $1 billion from investors such as Alibaba, Didi Chuxing and DST Global, claims over 100 million registered users… Read More
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In its push to compete in Southeast Asia, WeWork is pouring a (brand-new!) $500 million into the region
Less than two weeks ago, WeWork took the wraps off a new massive round of funding — $500 million from the Chinese private equity firm Hony Capital, the Japanese internet giant SoftBank, Greenland Holdings, and China Oceanwide. Now, the company is announcing that it’s pouring that exact amount — $500 million — into expanding into Southeast Asia and Korea. Interestingly… Read More
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WeWork launches dedicated China business backed by $500M from investors
WeWork is making a big move to win the co-working market in China after it announced the creation of a standalone WeWork China business, backed by $500 million from existing backers SoftBank, Hony Capital and other undisclosed investors. This fresh influx of capital is not tied to a recent $760 million financing round that closed earlier this month, at a reported valuation of $20 billion. Read More
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Naked Hub emerges as WeWork’s main competitor in Asia
Hours after WeWork announced plans to move into Japan, one of the U.S. co-working giant’s chief rivals made a move to increase the competition in Asia. Naked Hub, which was born out of China-based luxury resort company Naked Group, today announced a merger deal with JustCo, a fast-expanding co-working firm located in Singapore. It also revealed that it is working to finalize a $200… Read More
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WeWork will launch in Japan with the help of SoftBank
WeWork is gearing up to launch its co-working spaces in Japan, thanks to a joint venture with SoftBank, SoftBank said today. As part of the arrangement, SoftBank and WeWork will each own 50 percent of the joint venture, which will go by WeWork Japan. Read More
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WeWork has a new COO, Jen Berrent
WeWork has named a new COO, Jen Berrent, a career attorney who joined the company nearly three years ago as its chief legal officer and chief cultural officer and was promoted into the role. Read More
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Chinese co-working unicorn URWork raises $30M from healthcare firm Aikang
Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China. URWork, a billion-dollar-valued co-working in China, announced today that it has closed a RMB 200 million ($30 million) investment from Beijing’s Aikang Group. The deal is a strategic one that both sides said will grow the selection of services for URWork customers and… Read More
Latest Crunch Report
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WeWork has acquired venture-backed Fieldlens
WeWork, the seven-year-old, New York-based co-working juggernaut that more recently entered into the business of co-living, has been making a series of small acquisitions with some of the $1.8 billion that it has officially gathered from investors. Its latest acquisition: Fieldlens, a 5.5-year-old mobile communication system for the construction industry. Read More
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WeWork’s Adam Neumann is graduating from college today — 15 years after he enrolled
There’s been plenty of debate about the merits of college and whether, given the escalating price of a higher education — and the time required — it’s worth it. Today, 15 years after enrolling in Baruch College in New York, WeWork co-founder and CEO Adam Neumann is both delivering the commencement address at the school and graduating. Read More
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WeWork’s Adam Neumann on how to hit $1B in revenue with a careful balance
WeWork, which is said to be raising as much as $4 billion at a valuation of more than $20 billion, is still on its way to hitting $1 billion in annual revenue this year — though CEO Adam Neumann said at TechCrunch Disrupt NY 2017 that it’s not quite as simple as betting big on enterprise deals. Neumann said that enterprise deals, which would help handle office space for larger… Read More
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WeWork brings on Laurent Paris as new CTO
WeWork is announcing its first-ever CTO in the form of Laurent Paris. Paris joins WeWork from Spotify, where he held the VP of Engineering position for five years. Before that, Paris spent almost ten years at Yahoo where he worked on various engineering teams. Paris will be focusing on the combination of WeWork’s digital and physical products to offer the most seamless end-user… Read More
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WeWork’s office takeover continues with the launch of the Services Store
WeWork, the co-working giant with more than 100,000 members, is today launching the WeWork Services store. In short, the NY-based behemoth wants to take over the world by way of the office, and is now focusing in on office tools instead of just the space. Much like your old-fashioned app store, WeWork Services Store gives members easy access to a broad suite of enterprise services, oftentimes… Read More
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Industrious buys PivotDesk, raises $25M to be WeWork without startup bros
In the recruiting wars, a cool office is critical. Not just for scrappy startups, but big businesses with regional HQs, as well. So while WeWork signs questionable 20-year leases to provide desks for twenty-something engineers, Industrious is taking a more classy and conservative approach to coworking space. Read More
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Crunch Report | SpaceX Is Flying Two People Around the Moon
SpaceX is looking to fly two people around the moon and back late next year, Handle is Boston Dynamics’ newest robot, Pocket is Mozilla’s first acquisition, Uber fires exec for undisclosed harassment and WeWork gets a $4 billion investment from SoftBank. All this on Crunch Report. Read More
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Microsoft brings back the traveling salesman with new WeWork partnership
WeWork has long been a place for small startups and solo entrepreneurs to grab a desk and get to work, all with the flexibility of month-to-month payment. But today has signed on a rather huge client in the form of Microsoft. WeWork and Microsoft are starting the “City as a Campus” partnership, which gives 300 of MSFT’s global sales and marketing team total access to all… Read More
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Crunch Network
How the startup world is bringing digital nomadism closer to reality
Traveling the globe used to be relegated to gap years and retirement fantasies, but thanks to tech innovation and some forward-thinking startups, you can now see the world while you take the professional realm by storm. Digital nomads are free-spirited freelance and tech workers who need little more than an internet connection and a passport. Read More
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