WeWork to open in HK, Shanghai and Seoul this year
WeWork is looking to increase its presence in Asia with the news that it is opening locations in Hong Kong, Shanghai and Seoul. The New York-based company has 100 locations worldwide and is valued at around $17bn. WeWork holds regular pitching sessions where entrepreneurs can access advice and funding, and in a recent funding round raised $780m. Michael Gross, WeWork's vice-chairman, said: “WeWork has a real focus and belief that we're building a global network of entrepreneurs and businesses”. The company is also testing spaces where members live together, called WeLive.

From The Hub to The Hive, there's no shortage of co-working spaces popping up throughout Asia.

Now, New York-based, WeWork is planning to expand in the region this year by opening initial locations in Hong Kong, Shanghai and Seoul, a senior executive told CNBC.

WeWork currently has 100 locations across the world and the company's valuation is pegged at $17 billion by some accounts.

In a recent round of funding, the company raised $780 million.

"WeWork has a real focus and belief that we're building a global network of entrepreneurs and businesses," Michael Gross, WeWork's Vice-Chairman, told CNBC on Friday at the sidelines of Converge, a technology conference in Hong Kong hosted by the Wall Street Journal and f.ounders.

