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September 24, 2020 05:44 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/V5AsQGoHCOA/
WeWork sells majority stake in Chinese entity, seeks localization
Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork’s Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American […]Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/V5AsQGoHCOA/
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