In The Loop: WeWork + Alibaba, essensys, And Awfis

WeWork, Alibaba Clouds, and SoftBank Telecom have partnered to help businesses enter and grow in the China market

Alibaba Cloud Partners with WeWork and SoftBank
YourStory reported earlier this week that Alibaba Cloud has partnered with WeWork and SoftBank Telecom to help companies enter and expand business in China. According to YourStory, “the partnership will offer a one-stop platform from cloud-based technology solutions to enterprise services, flexible working space, events, and business consulting – for businesses of all sizes looking to enter China or scale up their presence in the region.”

essensys Completed an IPO on the London Stock Exchange’s AIM Market
essensys, a technology supplier for the flexible workspace industry, is now publicly listed on the London Stock Exchange’s AIM market. essensys’ IPO points towards a positive sentiment for the industry and a “strong validation for the impact” that flexible workspace operators can have in the CRE industry and beyond. Following its listing, the company will increase its investment in R&D and will grow its geographic footprint.

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Awfis in Talks for a $25M Funding Round
The Economic Times India reported this week that India-based coworking provider Awfis “is in advanced talks to close a $25 million funding round led by ChrysCapital, a local private equity firm. Awfis has raised funds from Sequoia Capital, Three Sisters, and Inno-Ven Capital, and others. According to sources, the coworking provider will use the funds to power its growth.

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