Hong Kong-based co-working operator The Flexi Group has expanded its Hive brand in the Asian financial centre, with the company having opened its latest location in the city’s Sheung Wan area after taking over a former WeWork site owned by… Read More>>
Tencent Moves Raffles Place Staff to CapitaLand’s The Work Project at CapitaSky
Tencent has moved some of its Singapore staff to The Work Project’s flexible office space at CapitaSky in Tanjong Pagar, with a spokesman for the Chinese internet giant confirming the shift on Wednesday.
Tencent is leasing one floor, or about… Read More>>
Ex-Campfire Boss, Mom Jailed for Scamming Partner in Hong Kong Mall Deal
A co-founder of defunct Hong Kong co-working operator Campfire and his mother have each been sentenced to 30 months in prison for duping a business partner into paying a bogus commission fee on the acquisition of a Tsuen Wan community… Read More>>
WeWork Declares Doubts on Ability to Continue as Going Concern
WeWork, the flexible office operator which once promised to “elevate the world’s consciousness, in its second quarter earnings report on Tuesday declared “substantial doubt” regarding the company’s ability to continue operating amid ongoing losses and declining membership.
While WeWork trimmed… Read More>>
IWG Takes Over Last Ucommune Space in Hong Kong as Four Centres Open
Flexible office giant IWG is adding four new centres in Hong Kong after taking over the last location in the city of a one-time Chinese rival to WeWork and launching three new locations on Hong Kong Island.
IWG last month… Read More>>
WeWork Boss Sandeep Mathrani Steps Down, Joins Sycamore Partners
WeWork’s ongoing turnaround will continue without the leadership of chairman and CEO Sandeep Mathrani, who is leaving the flexible space provider to become a director at private equity firm Sycamore Partners.
Mathrani will exit his roles at WeWork on 26… Read More>>
SoftBank Throws WeWork $1.5B Lifeline After Stock Slides 90% Since Listing
WeWork has struck a deal with bondholders and key backer SoftBank on a restructuring plan to cancel or convert to equity about $1.5 billion in debt and extend the maturity date of $1.9 billion in other debt, as the loss-making… Read More>>
Co-Working Operator Flexi to Go Public in $205M SPAC Deal With Tsangs Group
Less than a week after announcing its consolidation of three APAC-focused co-working operators, Flexi Group on Monday revealed plans to go public in the US through a merger with a special purpose acquisition company.
Flexi is combining with NASDAQ-listed TG… Read More>>
Trio of APAC Co-Working Operators Merged as Industry Consolidates
An APAC player is having a go at building a WeWork-style empire, with newcomer Flexi Group announcing its consolidation of three regional operators to create what it bills as Asia Pacific’s largest operator of flexible workspaces.
The startup led by… Read More>>
Making Peace Pay in a Shanghai Work Pod
A Shanghai-based entrepreneur is betting that the people of Shanghai are committed to peace, and that they’re willing to pay for it.
Peace is the name of a new startup from a former head of technology for WeWork in Greater… Read More>>
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