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WeWork raises $260M in funding from China

New York's most well known co-working space operator is now being backed by one of China's largest hotel companies.

WeWork has raised $260 million in additional Series F funding from new investor Shanghai Jin Jiang International Hotels, according to the Wall Street Journal. The news comes just seven months after the company raised up to $430 million from Chinese investors, with the option to sell stock up to $780 million. Now, with Jin Jiang on board, WeWork is better positioned to expand into Asia.

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