WeWork, a provider of co-working and office space, is looking to expand, having recently taken over its Chinese rival, Naked Hub (founded in China in 2007) for an estimated $400m. WeWork's co-working spaces provide fast Internet, 24/7 building access, daily cleaning, mail handling, printers and more. SoftBank reportedly invested $300m in WeWork in March 2017; by August 2017 this was reported as $4.4bn investment from SoftBank and its related Vision Fund which includes other investors. $1.4bn was earmarked for expansion in China, Japan and Southeast Asia. WeWork's CEO Adam Neumann articulated the company's vision as attempting to "humanize" the way people work.
Tuesday, 24 April 2018
Tuesday, 3 April 2018
Spotify Readies for $20bn Listing under Ticker SPOT
Founder Daniel Ek comments, and expresses his intent to "build, plan and imagine for the long term". Swedish start-up Spotify had 71m subscribers in 2017 a number that is expected to be higher in 2018.
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