WeWork

Global Economy

Briefs

As Wuhan lifts its lockdown after 11 weeks, UK Prime Minister Boris Johnson remains in intensive care. Here are some key events that took place this week.

Sharing Economy

Temasek said to eye majority stake in WeWork's China business, reports say

In China, WeWork contends with several well-connected and aggressive rivals.

Global Economy

Facing up to new norms and staying the course

SINGAPORE (Dec 27): As this issue of The Edge Singapore goes to print, US President Donald Trump faces an impeachment trial by his political enemies. The internal divide in the US has never been so pronounced and politics so divisive.

Issues that matter

Start-ups sober up to funding scrutiny

WeWork’s IPO debacle emphasises that having a high-profile founder with a great idea is not enough

Startups, Entrepreneurs, Digital economy

Masayoshi Son's bankers are worried about their favourite client

(Dec 16): Masayoshi Son’s Japanese bankers are taking a hard look at their most important client.

IPO

WeWork's quarterly loss doubled to US$1.3 bil as IPO faltered

(Nov 18): WeWork reported a net loss of US$1.25 billion ($1.7 billion) in the third quarter, eclipsing its sales and more than doubling its loss from the same period last year. The quarter coincided with a spending spree in anticipation of an IPO that vee

Company in the news

SoftBank falls as Son says business as usual after record loss

SINGAPORE (Nov 11): Masayoshi Son wants investors to believe that a record loss from investments in money-losing start-ups WeWork and Uber Technologies is but a bump in the road. Some are not buying it.

Startups, Entrepreneurs, Digital economy

SoftBank reveals US$6.5 billion loss from Uber, WeWork turmoil

(Nov 6): Masayoshi Son is finally disclosing the damage from SoftBank Group Corp’s bets on WeWork and Uber Technologies Inc.

IPO

China's WeWork equivalent Ucommune files for US IPO, sources say

(Oct 25): 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 the year, two people with direct knowledge of the matter sai

Sharing Economy

Despite shelved IPO, WeWork still expanding in Singapore

SINGAPORE (Oct 10): WeWork, the provider of co-working spaces, on Thursday launched its new space at 9 Battery Road, in the heart of Singapore’s central business district (CBD).
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