Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American co-working giant announced.

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BING NEWS:
  • WeWork Global in talks to sell entire 27% stake in WeWork India
    Co-working firm WeWork Global, which has filed for bankruptcy in the US, is in talks with potential investors to sell its entire 27 per cent stake in WeWork India to monetise its investments ...
    04/23/2024 - 2:17 pm | View Link
  • Adam Neumann moves to buy back WeWork as it seeks funds to exit bankruptcy, FT reports
    opens new tab founder Adam Neumann has made a fresh push to buy back the firm even as it seeks , opens new tab hundreds of millions of dollars to emerge from bankruptcy and avoid a sale ...
    04/18/2024 - 4:49 am | View Link
  • WeWork Seeks To Reject Leases In Dupont Circle, Mount Vernon Triangle
    but the spokesperson told Bisnow Monday that the location has remained operational but that it now seeks with the latest filing to close it May 31. The Dupont location at 1333 New Hampshire Ave.
    04/7/2024 - 1:00 pm | View Link
  • More

 

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