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WeWork China raises $500 million Series B Round

Structured as a subsidiary

Founder and CEO Adam Neumann (Credit: JamelToppin/Forbes)

WeWork’s Chinese subsidiary has raised $500 million in a Series B Round to further accelerate its expansion. Investors include Trustbridge Partners, Temasek, SoftBank, SoftBank’s Vision Fund, and Hony Capital, according to Bloomberg.

Flashback: WeWork acquired Chinese co-working startup Naked Hub earlier this year for around $400 million. WeWork China now boasts over 40 locations and 20,000 members.

Why it matters: Adam Neumann does it again. He creatively divided the company’s Chinese subsidiary, which allowed him to raise this round of equity independent of WeWork.

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