It’s no secret that WeWork, the world’s largest community company, has been aggressive in its China push. After the initial effort to launch its first space in Shanghai in June last year, the company is getting more serious and dedicated to its China expansion.

What the company has accomplished so far is pretty impressive. “We have been in this market for 16 months with 9 locations across Beijing, Shanghai, and Hong Kong in operation. We just announced another 4 newly added locations to be open in early 2018, adding the total locations of WeWork in China to 13. The average occupancy rate is as high as 90%,” WeWork Asia Managing Director Christian Lee told TechNode. This would make China the second largest country for WeWork in terms of number of locations operated, next only to its homeland in the US, where WeWork has been operating for 7 years.

But it seems that this is nothing near what the company has planned for the emerging market. The already-loaded company received another $500 million investment from existing backers of SoftBank and Hony Capital in July this year. To emphasize their dedication to market, WeWork has made it clear that this hefty round is only for its China business.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.