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.

WeWork Japan’s first location will launch early next year in
Tokyo. In addition to the U.S., WeWork operates co-working
spaces in 16 other countries, including Argentina, China,
Israel, India and Germany. To lead WeWork Japan, the
company has appointed Chris Hill, WeWork’s first-ever chief
operating officer, as its chief executive officer in Japan.

“Both WeWork and SoftBank have established reputations for
connecting people and creating partnerships to facilitate
innovation and inspire new ideas,” WeWork CEO Adam Neumann
(pictured above) said in a statement. “SoftBank shares our
tenacity and entrepreneurial spirit and through collaboration
we will work to benefit people and communities in many
innovative ways.”

Earlier this month, WeWork closed a $760 million round that
valued the company at about $20 billion. That came shortly
after SoftBank invested $300 million in WeWork.
And SoftBank has been making headlines in the tech industry as
of late, between raising a $100 billion fund to
investing in seemingly any ride-hailing company that’s not
Uber.

“Driven by Adam’s superior vision and his highly talented team,
WeWork is disrupting preconceived notions of work styles and
opening up myriad opportunities for the next generation of
creators around the world by taking a scientific approach that
fully utilizes the latest technologies,” SoftBank Group Corp
Chairman & CEO Masayoshi Son said in a statement. “With
this joint venture, we look forward to collaborating with
WeWork to offer new possibilities for people in Japan.”


Featured Image: TechCrunch

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