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.
A Morgan Stanley-backed apartment rental operator leads the way in Mingtiandi’s roundup of Asia real estate headlines today with the news that the loss-making company raised $46 million through a US IPO, with shares priced at the lower end… Read More>>
Staff cuts lead the way in Mingtiandi’s roundup of Asia real estate headlines today as Hong Kong property agencies clear out dead wood as deals plunge amid a market slump.
In other news around the region, Softbank says WeWork Japan… Read More>>
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>>
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>>
Indian hospitality group Oyo Hotels and Homes today announced that it is raising $1.5 billion to continue its expansion into the US, Europe and other global markets.
25-year-old Oyo founder Ritesh Agarwal is leading the financing round with support from… Read More>>
Panic selling leads Mingtiandi’s roundup of Asia real estate headlines today as desperate homeowners in Hong Kong are said to be slashing prices by up to 20 percent to attract buyers amid the Asian financial hub’s growing protests. While the… Read More>>
Singapore’s hunger for overseas property leads Mingtiandi’s roundup of real estate headlines today as one of the city state’s most active private investment firms has agreed to buy a set of three buildings in Tokyo.
Hong Kong’s ongoing struggles also… Read More>>
“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>>
After the parent company of WeWork failed in its attempt to launch an IPO this month and the startup’s valuation was reported to slide by as much as 75 percent, Japan’s Softbank is now reported to have joined a shareholder… Read More>>