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

  • 📰 WSJ
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

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

.

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

WSJ News Exclusive | DOJ to Seek Congressional Curbs on Immunity for Internet CompaniesThe Justice Department will submit a proposal to Congress to curb longstanding legal protections for internet companies like Facebook, Alphabet’s Google and Twitter, a senior department official said. It is essential that tech monopolies face reasonable regulation and oversight. Their money will assure they never do, however. You mean ethical democrats and corrupt republicans acrually agree on something? Dang
Source: WSJ - 🏆 98. / 63 Read more »