Equity Firm Takes Controlling Stake In WeWork China

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WeWork has revealed that it has raised a $200 million investment in WeWork China from Trustbridge Partners. This deal gives the Shanghai-based growth equity firm a majority stake in the coworking company’s Chinese entity.

Currently, WeWork China has over 100 locations across 12 cities and offers members access to outfitted workspaces.

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As part of the deal, Trustbridge Partners’ operating partner Michael Jiang will serve as CEO for WeWork China. 

“WeWork China has built a business that has cemented WeWork’s position across the region as the market leader in flexible space,” said Sandeep Mathrani, CEO of WeWork. “The value proposition and long-term potential for WeWork is increasingly clear as the demand for flexibility at scale comes to the forefront of businesses around the world. This investment is a testament to our business and in Trustbridge we have truly found the best local partner for WeWork China’s next chapter.”

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