|Day's Range||42.100 - 42.210|
|52 Week Range||25.130 - 43.680|
|PE Ratio (TTM)||7.41|
|Dividend & Yield||0.20 (0.48%)|
|1y Target Est||N/A|
Co-working space startup WeWork has set up a Chinese unit, with the help of a $500 million investment from China's Hony Capital and Japan's SoftBank Group Corp, to tap into a booming demand for shared office space in the world's No.2 economy. The funds will be used to expand beyond WeWork's current locations in Beijing and Shanghai to at least five more large cities in the next six to 12 months, the New York-based firm's co-founder and CEO Adam Neumann said. State-owned real estate developer Greenland Group and hospitality firm Jin Jiang International (Holdings) Co Ltd - parent of Shanghai Jin Jiang International Hotels Group - are also investing in the local unit, he said.
WeWork is a start-up that sells individuals or businesses co-working spaces.
Messaging startup is set to be valued at more than $5 billion in new funding round.