Photographer: Cole Wilson/The New York Times via R
Venture Capital

WeWork Raises Funds at $16 Billion Valuation for Asia Expansion

Shared office space startup raised $430 million from Chinese investors.

WeWork Cos., a New York-based shared-office startup, raised $430 million from Chinese investors as it prepares to expand throughout Asia. Investors valued the company at $16 billion as part of the financing round, according to a person familiar with the matter, who asked not to be identified because the terms were private.

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