US$17b New York company wants in on Asia's growth
WeWork opening first regional offices in Shanghai, Seoul and Hong Kong
From The Hub to The Hive, there's no shortage of co-working spaces popping up throughout Asia.
Now, New York-based, shared workspace company WeWork is planning to expand in the region this year by opening initial locations in Hong Kong, Shanghai and Seoul, according to a senior executive.
WeWork currently has 100 locations across the world and the company's valuation is pegged at US$17 billion by some accounts.
In a recent round of funding, the company raised US$780 million.
"WeWork has a real focus and belief that we're building a global network of entrepreneurs and businesses," Michael Gross, WeWork's Vice-Chairman, said Converge, a tech conference in Hong Kong.
WeWork prides itself on its culture, where it regularly hosts pitch events for entrepreneurs to have access to advice and even funding.