Friday, July 27th, 2018

WeWork’s China Operations Raises $500 Million
Company Update

WeWork announced a $500 million Series B investment in WeWork China led by four investors including Temasek, and SoftBank. The new funds will help the coworking giant expand to 6 new cities in China this year including Shenzhen, Chengdu, and Wuhan.

WeWork China currently supports 20,000 members in approximately 40 locations across three cities.

The company launched its first WeWork China location in 2016.

Atlassian Teams up with Slack
Slack Update
Atlassian Update

Atlassian announced that it has made an equity investment in Slack, and Slack has acquired the IP for Stride and Hipchat Cloud, an internal enterprise communications tool.

As part of this partnership, Atlassian will discontinue Hipchat and Stride in February 2019, and provide a migration path to Slack for all of its current customers.

The move looks to help Slack compete against internal enterprise messaging tools, such as Workplace by Facebook, and Microsoft Teams.

Coinbase Partners with a Digital Gift Card Company
Company Update

The company announced that its partnering with digital gift card company, WeGift, to offer its users in the EU and Australia with the ability to instantly spend their cryptocurrency balances on e-gift cards at select retailers and vendors including Nike, Google Play, and Uber.

As an example, the new offering will allow users to be able to spend their bitcoin into Uber credits or ether at a Nike store.

The move makes the company the first trading platform to offer direct withdrawals into e-gift cards.

Stripe Rolls Out a Card Issuing Business
Company Website

Stripe announced that it’s rolling out an end-to-end platform for companies to quickly create, distribute, and manage physical and virtual cards.

The new offering will provide companies with the ability to create employee expense cards with dynamic spending limits, generate virtual cards so marketplace couriers can pay with their phones at specific merchants, or create a card for a new digital bank.

The company stated that it’s able to provide this offering to its customers through its certification and direct relationship with all major card networks as an issuing processor.