WeWork

WeWork was more black swan than unicorn for SoftBank

[TAIPEI] SoftBank Group Corp's WeWork debacle is unlikely to be repeated. It also means that for the Vision Fund to deliver venture capital-size returns, it'll need to rely on singles and doubles...

WeWork's Chinese rival Ucommune files for US IPO

HONG KONG • China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the year end...

China's WeWork equivalent Ucommune files for US IPO: sources

[HONG KONG] China's biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of...

WeWork staff, facing job cuts, express outrage at $1.6b payout to founder Adam Neumann

SAN FRANCISCO (BLOOMBERG) - WeWork will narrowly avoid financial ruin and in the process, reward its former leader, Adam Neumann, with as much as US$1.2 billion (US$1.6 billion). The reaction from...

SoftBank offers $13.6b rescue deal for WeWork

Japan's SoftBank Group offered close to US$10 billion (S$13.6 billion) to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling US office space...

WeWork prefers JPMorgan lifeline to rescue by SoftBank

NEW YORK • WeWork's bankers are pitching investors on what would be one of the riskiest junk debt offerings in recent years - potentially giving the co-working start-up giant's top private...

WeWork collapse a welcome step towards sanity in venture space

The tech and startup ecosystem needs a sanity check. The fall from grace of WeWork's parent company is unlikely to catalyse a full reckoning in that market, but it does bring it a step closer...

WeWork Singapore expansion on track even as US parent seeks new funding

WEWORK Singapore is going ahead with its expansion plans in the Republic, seemingly unruffled by woes at its US-headquartered parent company, which is seeking a US$1 billion lifeline from Softbank...

WeWork to have 3 new locations in Singapore by December despite reported layoffs, IPO flop

WEWORK on Thursday said it would have three new locations in Singapore by the year's end, even as the office rental startup is dealing with fiascos including a shelved listing of its parent...

SoftBank's damage from Uber, WeWork could exceed US$5b

[TOKYO] Masayoshi Son's startups have had a rough few months, from a botched initial public offering by WeWork to a sharp decline in shares of Uber Technologies Inc. Now analysts are beginning to...