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Sandeep Mathrani

WeWork Names Former Brookfield Exec as New CEO

2020/02/02 by Michael Cole Leave a Comment

Shared office provider WeWork has found a new chief executive as the financially challenged company takes another step in its struggle for profitability.

Brookfield Properties executive Sandeep Mathrani will join the New York-based firm as CEO on 18 February, according… Read More>>

Christian-Lee WeWork

Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation

2020/01/17 by Michael Cole 1 Comment

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

2019/12/15 by James Hatton Leave a Comment

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>>

liu chengcheng Kr Space

Kr Space Surrenders Times Square Location in Final Retreat From Hong Kong 

2019/11/28 by Jan Kot Leave a Comment

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>>

masa son tb

WeWork Losses More Than Doubled to Reach $1.25B in Third Quarter

2019/11/14 by Michael Cole Leave a Comment

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.

… Read More>>

Pan Shiyi Soho

Soho China Said to Sell 11 Co-Working Centres in Shanghai and Beijing

2019/10/29 by Jan Kot Leave a Comment

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>>

Mao Daqing Ucommune

Ucommune Said to File for US IPO in Wake of WeWork Debacle

2019/10/29 by Jan Kot Leave a Comment

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>>

Adam-Neumann

Softbank Bails Out WeWork, Neumann at $7B Valuation

2019/10/23 by Michael Cole Leave a Comment

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>>

masayoshi son

Softbank in Talks to Take Control of WeWork in Bailout

2019/10/14 by Michael Cole Leave a Comment

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>>

sebastian gunningham

WeWork Formally Cancels IPO as Layoffs, Cost Cuts Loom

2019/10/01 by Michael Cole Leave a Comment

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>>

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