WeWork's Latest Deal Brings a Lot More Co-Working Space to China

The company will open three locations next year in partnership with a Chinese real estate firm. WeWork, the office co-working space provider, is expanding its footprint in China.

On Thursday, the company announced a new partnership with Sino-Ocean Group, a major real estate company based in Beijing. As part of the deal, the companies plan to open three buildings in mainland China over the course of the next year, one in Shanghai, where WeWork already has two buildings, and two in Beijing, its first foray into the capital city.