TOPIC

/ company

WeWork

The latest news, analysis and opinion on WeWork. In-depth analysis, industry insights and expert opinion.

Chairman / President

Shyam Gidumal

CEO / Managing Director

Sandeep Mathrani

CFO / Finance Director

Benjamin Dunham

Industry

Business

Website

wework.com

Headquarters address

12 East 49th Street, 3rd Floor, New York, NY 10017, United States

Year founded

2010

Millionaires and billionaires

What has Adam Neumann been up to since his WeWork ousting in 2019?

WeWork’s US$47 billion valuation plunged after the company’s 2019 IPO failed to materialise due to multiple controversies – but now co-founder and former CEO Neumann wants back in to the business

16 Apr 2024 - 6:00PM

International Property

Office landlord-operator partnerships ‘may end traditional lease business’

5 Feb 2024 - 9:30AMvideocam

Softbank

WeWork saga cost SoftBank’s Masayoshi Son US$11.5 billion and his credibility

8 Nov 2023 - 3:35PMvideocam

Softbank

WeWork, once most valuable US start-up, goes bankrupt

The company, which struggled to survive the Covid-19 pandemic and a derailed initial public offering, reported estimated assets and liabilities ranging from US$10 billion to US$50 billion.

7 Nov 2023 - 11:52AM

A WeWork office in San Mateo, California. Photo: Getty Images via AFP

Softbank

WeWork plans to file for bankruptcy as early as next week: source

WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses.

1 Nov 2023 - 4:10PM

Hong Kong property

Hong Kong office landlords grapple with ‘irreversible’ hybrid work trend

Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie.

17 Sep 2023 - 10:00AM

US-China tech war

‘WeWork for events’ start-up wants to expand in China despite headwinds

Shanghai-based White Space, co-founded by an American entrepreneur, hopes to attract Chinese businesses downsizing their real estate footprint amid a slowing economy.

27 Aug 2023 - 10:00AM

White Space, an on-demand meeting-space start-up based in Shanghai, offers rooms that can host up to 150 people for corporate events. Photo: Handout

Work is now a thing we do, not a place we go, whatever Disney says

Companies like Walt Disney might be pushing to get workers back in offices most of the week, but they are the outliers – more businesses than ever are adapting to flexible and hybrid work for their employees.

13 Aug 2023 - 9:45AM

China property

WeWork unit eyes Hong Kong growth on back of demand from Web3, crypto firms

The firm, in which Shanghai-based investment firm Trustbridge Partners holds a more than 51 per cent share and WeWork Global has a minority stake, is seeing more Chinese firms turning to flexible offices in Hong Kong.

12 Jun 2023 - 6:00AM

Fame and celebrity

WeCrashed: where is WeWork’s Rebekah Neumann now?

What is the yogi, vegan and wife of WeWork co-founder Adam Neumann, played by Anne Hathaway in Apple TV+’s WeCrashed TV series, doing now?

24 Mar 2022 - 4:58PM

WeWork co-founder Adam Neumann and his wife Rebekah Neumann. Photo: @chabadyoung/Instagram

Fame and celebrity

Where is WeWork co-founder – and WeCrashed subject – Adam Neumann now?

WeWork co-founder Adam Neumann and his wife Rebekah Neumann have made headlines again with the release of Apple TV+’s WeCrashed – here’s what he’s up to now

22 Mar 2022 - 3:58PMvideocam

Where is WeWork co-founder Adam Neumann now? Photo: @andresllorente/Twitter, Handout

China economy

Co-working giant WeWork’s co-operative strategy pays dividends in China

WeWork China is trying new ways to grow its co-working business, collaborating with Douban, an online platform for book, film and music lovers in China, on a social and events space in Beijing, for example.

5 Oct 2021 - 9:55AM

Hong Kong property

Hysan, IWG in flexible office joint venture to tap Greater Bay Area market

The joint venture will acquire and operate shared-office operator IWG’s 32 existing locations and the Regus, Spaces and Signature brands in the Greater Bay Area.

9 Aug 2021 - 9:20PM

Hong Kong property

Hong Kong’s co-working sector to stabilise soon as balance returns

Hong Kong’s co-working sector is set to stabilise and recover after a period of rapid expansion and will be supported by the remote working trend.

10 Jun 2021 - 11:30AMvideocam

Co-working operators are likely to benefit from the shift to remote working. Photo: Jonathan Wong

China property

Danke ends property listings on its rental referral platform in China

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

25 Dec 2020 - 11:31PM

An advertisement promoting Danke Apartment on December 21, 2018 in Beijing. Photo: VCG/VCG via Getty Images

Softbank

How Softbank founder Masayoshi Son became Japan’s third-richest billionaire

Changing fortunes and US$10 billion losses are all in a day’s work for SoftBank CEO Masayoshi Son – but is the Japanese mega-investor with a US$21 billion fortune falling on harder times since the pandemic hit?

12 Sep 2020 - 6:00AM

China property

Co-working firm shrugs off grim outlook, bets on bay area for growth

The Executive Centre (TEC) is banking on the future business hub to fuel its expansion even as Colliers sees shared office operators giving up vast swathes of space amid the Covid-19 pandemic.

5 Aug 2020 - 10:44AMvideocam

Hong Kong property

IWG takes rival WeWork’s abandoned space in Causeway Bay

The world’s largest operator of serviced offices is taking floors 31 and 32 of Hysan Place which were abandoned by WeWork in April amid dwindling demand.

5 Jun 2020 - 2:02PMvideocam

Exterior view of Hysan Place, Causeway Bay. Photo: Dickson Lee

Sharing economy

Exclusive | Cash-strapped WeWork dumps about fifth of Hong Kong coworking space

WeWork, the US operator of shared work spaces, has given up 182,000 sq ft in Causeway Bay and Tsim Sha Tsui, two of Hong Kong’s prime office districts, according to agents familiar with the matter.

13 May 2020 - 9:32AMvideocam

Hong Kong economy

WeWork delays opening of three branches amid pandemic

WeWork had planned to open in Causeway Bay, Tsim Sha Tsui and Kowloon Bay last year, but these have been delayed as it prioritises safety of its operations globally.

18 Mar 2020 - 11:00PM

The View

Co-living is right for Asia, but can it succeed in these challenging times?

Asia’s urbanising, tech-savvy population, high proportion of youth living with their parents, and lack of affordable housing make co-living an attractive market.

4 Feb 2020 - 11:24AM

The co-living project Bibliotheque in Mong Kok, Hong Kong, was converted from two five-storey buildings. Photo: K.Y. Cheng

Office rental

Chinese co-working operator Kr Space exits Hong Kong

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

29 Nov 2019 - 10:30PM

Kr Space has decided to surrender its co-working station in Times Square, Causeway Bay. Photo: Snow Xia

Office rental

WeWork to cut one-fifth of jobs in restructuring after US$9.5 billion rescue

WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.

22 Nov 2019 - 11:47AM

Property financing

Editorial | Regulate the sharing economy, but don’t stifle innovation

There have been spectacular successes and breathtaking failures as start-ups change the face of business, making it a challenge for governments to set the rules

17 Nov 2019 - 10:48PM

The View

The View | WeWork’s collapse could be good news for China’s co-working sector

While the fallout from the turmoil at shared office provider WeWork has been severe in China, it will accelerate consolidation in the sector and prompt co-working providers to move towards corporate clients.

12 Nov 2019 - 6:29AM

A WeWork co-working space in Shanghai. Around one third of WeWork’s co-working spaces were vacant in October. Photo: Handout

Property investment

WeWork considers exiting some Hong Kong property in pullback

The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.

17 Nov 2019 - 7:38PM

WeWorks’ space in Wan Chai. Photo: SCMP/Handout

Start-ups

Will WeWork’s woes affect Hong Kong’s overbuilt co-working sector?

Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.

26 Oct 2019 - 12:50PM

Luxury CEOs

How Adam Neumann co-founded WeWork – and why he had to step down

The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic

24 Oct 2019 - 5:47PMvideocam

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WeWork

What has Adam Neumann been up to since his WeWork ousting in 2019?

WeWork’s US$47 billion valuation plunged after the company’s 2019 IPO failed to materialise due to multiple controversies – but now co-founder and former CEO Neumann wants back in to the business

Office landlord-operator partnerships ‘may end traditional lease business’

WeWork saga cost SoftBank’s Masayoshi Son US$11.5 billion and his credibility

WeWork, once most valuable US start-up, goes bankrupt

The company, which struggled to survive the Covid-19 pandemic and a derailed initial public offering, reported estimated assets and liabilities ranging from US$10 billion to US$50 billion.

WeWork plans to file for bankruptcy as early as next week: source

WeWork plans to file for bankruptcy as early as next week, a source familiar with the matter said on Tuesday, as the SoftBank Group-backed company struggles with a massive debt pile and hefty losses.

Hong Kong office landlords grapple with ‘irreversible’ hybrid work trend

Flex space provider IWG says it is adding locations rapidly in the Greater Bay Area as property owners seek to capitalise on the trend. Major landlords Hongkong Land and Swire Properties also have their fingers in the co-working pie.

‘WeWork for events’ start-up wants to expand in China despite headwinds

Shanghai-based White Space, co-founded by an American entrepreneur, hopes to attract Chinese businesses downsizing their real estate footprint amid a slowing economy.

Work is now a thing we do, not a place we go, whatever Disney says

Companies like Walt Disney might be pushing to get workers back in offices most of the week, but they are the outliers – more businesses than ever are adapting to flexible and hybrid work for their employees.

WeWork unit eyes Hong Kong growth on back of demand from Web3, crypto firms

The firm, in which Shanghai-based investment firm Trustbridge Partners holds a more than 51 per cent share and WeWork Global has a minority stake, is seeing more Chinese firms turning to flexible offices in Hong Kong.

WeCrashed: where is WeWork’s Rebekah Neumann now?

What is the yogi, vegan and wife of WeWork co-founder Adam Neumann, played by Anne Hathaway in Apple TV+’s WeCrashed TV series, doing now?

Where is WeWork co-founder – and WeCrashed subject – Adam Neumann now?

WeWork co-founder Adam Neumann and his wife Rebekah Neumann have made headlines again with the release of Apple TV+’s WeCrashed – here’s what he’s up to now

Co-working giant WeWork’s co-operative strategy pays dividends in China

WeWork China is trying new ways to grow its co-working business, collaborating with Douban, an online platform for book, film and music lovers in China, on a social and events space in Beijing, for example.

Hysan, IWG in flexible office joint venture to tap Greater Bay Area market

The joint venture will acquire and operate shared-office operator IWG’s 32 existing locations and the Regus, Spaces and Signature brands in the Greater Bay Area.

Hong Kong’s co-working sector to stabilise soon as balance returns

Hong Kong’s co-working sector is set to stabilise and recover after a period of rapid expansion and will be supported by the remote working trend.

Danke ends property listings on its rental referral platform in China

The incident appears to be the latest woe for Danke, after being caught in November between angry landlords who were owed their rent and sublet tenants who had paid their deposits but were evicted.

How Softbank founder Masayoshi Son became Japan’s third-richest billionaire

Changing fortunes and US$10 billion losses are all in a day’s work for SoftBank CEO Masayoshi Son – but is the Japanese mega-investor with a US$21 billion fortune falling on harder times since the pandemic hit?

Co-working firm shrugs off grim outlook, bets on bay area for growth

The Executive Centre (TEC) is banking on the future business hub to fuel its expansion even as Colliers sees shared office operators giving up vast swathes of space amid the Covid-19 pandemic.

IWG takes rival WeWork’s abandoned space in Causeway Bay

The world’s largest operator of serviced offices is taking floors 31 and 32 of Hysan Place which were abandoned by WeWork in April amid dwindling demand.

.css-sioo19{color:#c79a00;}Exclusive | Cash-strapped WeWork dumps about fifth of Hong Kong coworking space

WeWork, the US operator of shared work spaces, has given up 182,000 sq ft in Causeway Bay and Tsim Sha Tsui, two of Hong Kong’s prime office districts, according to agents familiar with the matter.

WeWork delays opening of three branches amid pandemic

WeWork had planned to open in Causeway Bay, Tsim Sha Tsui and Kowloon Bay last year, but these have been delayed as it prioritises safety of its operations globally.

Co-living is right for Asia, but can it succeed in these challenging times?

Asia’s urbanising, tech-savvy population, high proportion of youth living with their parents, and lack of affordable housing make co-living an attractive market.

Chinese co-working operator Kr Space exits Hong Kong

Beijing-based Kr Space confirms that it was handing over the space back to Wharf Real Estate Investment Company and was in talks with the landlord on compensation for breaking the lease.

WeWork to cut one-fifth of jobs in restructuring after US$9.5 billion rescue

WeWork is slashing almost 20 per cent of its workforce in a restructuring of its money-losing operation after a doomed global stock offering.

.css-1m2rp1p{color:#34b8b5;}Editorial | Regulate the sharing economy, but don’t stifle innovation

There have been spectacular successes and breathtaking failures as start-ups change the face of business, making it a challenge for governments to set the rules

The View | WeWork’s collapse could be good news for China’s co-working sector

While the fallout from the turmoil at shared office provider WeWork has been severe in China, it will accelerate consolidation in the sector and prompt co-working providers to move towards corporate clients.

WeWork considers exiting some Hong Kong property in pullback

The potential retreat comes after WeWork said just last week it plans to expand its footprint in Hong Kong and open four new locations this quarter. Some of those are among the spaces it is now looking to vacate.

Will WeWork’s woes affect Hong Kong’s overbuilt co-working sector?

Market observers believe the flexible office market is here to stay, but it is due for a shake-up and see new business models emerging.

How Adam Neumann co-founded WeWork – and why he had to step down

The Israeli-born businessman whose wife, Rebekah, is actor Gwyneth Paltrow’s cousin, has been scrutinised for his lavish spending, excessive partying and dodgy work ethic

Exclusive | Cash-strapped WeWork dumps about fifth of Hong Kong coworking space

Editorial | Regulate the sharing economy, but don’t stifle innovation