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, 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.
The Latest News
Delivered To Your Inbox
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.