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Office sharing platform operator naked Hub expects to finish its Series-C financing round next month, pooling USD 125 million to USD 175 million and attracting real estate industry resources, Chief Executive Jonathan Seliger told Yicai Global. Gaw Capital Partners and some realty firms may be among those backing the naked Group unit. Although naked Hub and JustCo failed to reach an agreement to merge last year, the former still hopes to expand its presence in Southeast Asia by breaking into Kuala Lumpur, Jakarta and Manila, Seliger said, adding that he will go to Singapore soon to negotiate with another company.
naked Hub set up its first shared office in November 2015 in Shanghai. It is operating or building 46 locations in Shanghai, Beijing, Singapore, Hong Kong and Vietnam. Shared work space groups have been partnering with realty businesses. Ucommune has linked up with China Vanke Co., Sunshine 100 China Holdings Ltd. and others. By working with real estate firms, naked Hub may be able to lower its rental costs and secure quality properties. Read Original Article |
