WeWork China will not participate in WeWork's strategic reorganisation
"Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China," it added.
By Reuters | Updated:
Reuters
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 U.S. 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.
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 U.S. 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.
Download
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
