WeWork China declares that it has independently operated and managed, and will not participate in strategic restructuring

Tech 2023-11-07 16:21:21 Source: Network

On November 7th, WeWork China recently released a statement stating that the significant strategic restructuring decision made by WeWork in the United States and Canada is not related to WeWork China.WeWork China emphasizes that it separated from WeWork as early as the end of 2020

On November 7th, WeWork China recently released a statement stating that the significant strategic restructuring decision made by WeWork in the United States and Canada is not related to WeWork China.

WeWork China emphasizes that it separated from WeWork as early as the end of 2020. WeWork China is an independent brand and has now become a company focused on providing high-quality flexible office space and comprehensive office services in the Chinese market. Having independent operational and management capabilities, rather than being a subsidiary or subsidiary of WeWork, and not participating in the ongoing strategic restructuring process in the United States and Canada. Therefore, any operational situation in other regions of WeWork globally will not have any impact on WeWork China.

Earlier reports pointed out that WeWork, a shared office company that was once valued at $47 billion, plans to file for bankruptcy.

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