Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy … Read more>>
Mainland China Flexible Office
Credit Suisse, Citigroup, BOA Abandon Ucommune IPO Amid Valuation...
It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but … Read more>>
SE Asia Flexible Office
WeWork Leases HSBC Building in Singapore From CapitaLand Commercial...
Shared office giant WeWork is taking over Singapore’s HSBC building after the bank moves out early next year, according … Read more>>
Hong Kong Flexible Office
Kr Space Surrenders Times Square Location in Final Retreat From Hong...
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup's ill-fated venture into the … Read more>>
Goldman-Backed Office Startup Atlaspace Hires New Head for Hong Kong...
Goldman Sachs-backed co-working operator Atlaspace has announced the appointment of Wilma Wu as the head of its Hong Kong operation, as mainland … Read more>>
Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation
Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy up a majority stake in the China operations of troubled flexible office operator Wework, according to a report by Reuters today.
The Singapore government fund and… Read More>>
Credit Suisse, Citigroup, BOA Abandon Ucommune IPO Amid Valuation Questions
It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but Ucommune’s debut on the New York Stock Exchange is already said to be facing opposition from its own bankers… Read More>>
Kr Space Surrenders Times Square Location in Final Retreat From Hong Kong
Kr Space has surrendered its lease in Hong Kong’s Times Square, bringing to a close the mainland co-working startup’s ill-fated venture into the Asian financial hub, according to industry sources who spoke with Mingtiandi.
The Beijing-based operator, which completed a… Read More>>
WeWork Losses More Than Doubled to Reach $1.25B in Third Quarter
Adding to the pain of the We Company’s IPO fail in September, the parent firm of shared workspace provider WeWork revealed in an investor presentation this week that its losses reached $1.25 billion in the third quarter of this year.
Soho China Said to Sell 11 Co-Working Centres in Shanghai and Beijing
Soho 3Q, the loss-making flexible office unit of developer Soho China, is reported to have sold a portfolio of 11 co-working centres in Beijing and Shanghai for an undisclosed amount, according to a local media account.
Representatives of the buyer,… Read More>>
Ucommune Said to File for US IPO in Wake of WeWork Debacle
Mainland co-working operator Ucommune is said to have filed for an initial public offering with the US securities regulator and is targeting a public listing before the end of the year, according to media reports.
The Beijing-based shared office unicorn,… Read More>>
Softbank Bails Out WeWork, Neumann at $7B Valuation
WeWork has proven to be a game-changing business – at least for deposed CEO Adam Neumann.
Under the terms of a bailout package put together by Softbank, the WeWork founder will be receiving around $1.7 billion in compensation in return… Read More>>
Softbank in Talks to Take Control of WeWork in Bailout
Weeks after the failure of what had been expected to one of 2019’s biggest initial public offerings, WeWork is reported to be scrambling for a multi-billion dollar bailout package as media reports indicate the office sharing giant could run out… Read More>>
WeWork Formally Cancels IPO as Layoffs, Cost Cuts Loom
WeWork’s planned IPO won’t work, appears to be the decision of the shared office giant’s new leadership, which announced late Monday that the We Company was withdrawing its application for an initial public offering.
“We have decided to postpone our… Read More>>
WeWork’s Neumann Out as CEO After IPO Disaster
“Never settle,” is reportedly the first inspiring slogan to adorn the walls at WeWork, a company which CEO Adam Neumann, built into an empire spanning 111 cities.
Now the entrepreneur hailed as a visionary as the We Company prepared for… Read More>>
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