WeWork is set to open three co-working hubs in Nanjing by the end of this year. Photo: EPA-EFE

WeWork, Sun Hung Kai sign lease deal as struggling US start-up prepares to open co-working space in Nanjing

  • WeWork signs traditional lease agreement with Sun Hung Kai Properties for four floors in the recently completed Nanjing International Finance Center Tower One
Topic |   Start-ups

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WeWork is set to open three co-working hubs in Nanjing by the end of this year. Photo: EPA-EFE
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Adam Neumann (centre), co-founder and CEO of WeWork, at the opening bell ceremony at Nasdaq in New York on January 16, 2018. Photo: AP

SoftBank seeks to seize control of WeWork through US$1 billion financing package, says source familiar with the matter

  • Reuters had reported that SoftBank was in negotiations to make a US$1 billion investment to enable WeWork to go through a major restructuring
  • Without a fresh infusion of cash, WeWork risks running out of money as early as the end of December
Topic |   Softbank

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Adam Neumann (centre), co-founder and CEO of WeWork, at the opening bell ceremony at Nasdaq in New York on January 16, 2018. Photo: AP
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