WeWork sells management of China unit, says it received $200 million funding, Expertise Information, ETtech

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WeWork sells management of China unit, says it received $200 million funding, Expertise Information, ETtech 2020-09-24 09:00:21 US office-sharing agency WeWork on Thursday stated it is going to promote management of its China division to considered one of its traders – non-public fairness agency Trustbridge Companions – because it steps again from a aggressive market the place it has suffered low-occupancy charges. The deal successfully offloads the China unit away from the guardian, which has confronted fundraising points since a failed try and go public in 2019. WeWork stated it is going to keep a minority stake and “collaborating curiosity”...