Naked Hub has confirmed to its staff that they are being bought by WeWork China.

In a recording of naked Hub’s staff meeting obtained by TechNode, naked Group founder Grant Horsfield said, “It is not an acquisition, we are not going anywhere,” instead choosing to refer to the move as a merger when talking to employees.

Naked Hub and WeWork confirmed the sale in an official statement, saying the two companies hope to make businesses in the region more successful.

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Chris Udemans

Christopher Udemans is a Shanghai-based data and graphics reporter. He covers Chinese artificial intelligence, mobility, and cybersecurity. You can contact him at chrisudemans [at] technode [dot] com.