WeWork Is Acquiring China’s Naked Hub for $400 Million

WeWork Cos. is buying Chinese co-working startup Naked Hub as part of a continued expansion in the world’s most populous country.

New York-based WeWork, the largest global co-working company, will pay about $400 million for the three-year-old Chinese business, according to two people familiar with the matter, who asked not to be identified because the terms are private. The majority will come in the form of equity, one of the people said.