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WeWork China will not participate in WeWork's strategic reorganisation

WeWork China is not a branch or unit of WeWork, it said in a statement on WeChat, adding the company has independent operations and management capabilities.
Last Updated : 07 November 2023, 04:44 IST
Last Updated : 07 November 2023, 04:44 IST

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Beijing: WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday.

WeWork China is not a branch or unit of WeWork, it said in a statement on WeChat, adding the company has independent operations and management capabilities.

WeWork, the SoftBank Group-backed startup, sought US bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.

"Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China," it added.

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Published 07 November 2023, 04:44 IST

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