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WSJ News Exclusive | WeWork Sells Majority Stake in China Business, Cutting Costs

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WeWork is selling control of its China business, the latest sign that the company is abandoning its former rapid growth approach and looking to reduce risk

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A group led by investment firm Trustbridge Partners paid $200 million to increase its stake in WeWork China, which leases and effectively sublets office space in the country, the companies said.

 

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Smart, if they weren’t so overhyped they would just be a growing company that is lucrative and well respected. wework realestate investor

Thought WeWork was already 'we' out of business. Or soon will be.

WeWork was nothing but a modern day pyramid scheme where the people at the top were hoping to issue an IPO so they could cash out and leave others holding the bag. It was an unsustainable and terrible business model.

Heath_the_wealth Bhartiya_ancient_principles_most_important. contemporary realities Foreign Ministers of the G4 countries - India, Brazil, Japan, and Germany highlight the urgency. JhaMrityunjai rashtrapatibhvn PMOIndia AmarUjalaNews VPSecretariat TheEconomist

Thank you wework! All AmericanCompanies should build in America and also move your businesses back to the USA!!!🇺🇸🇺🇸🇺🇸 If you don’t I hope your tariffs are set very high!!!! Americans may pay more for their products and may have to learn to do with less!!! MADE IN AMERICA!!

ThanksTrump

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