WeWork

Startups, Entrepreneurs, Digital economy

SoftBank reveals US$6.5 billion loss from Uber, WeWork turmoil

(Nov 6): Masayoshi Son is finally disclosing the damage from SoftBank Group Corp’s bets on WeWork and Uber Technologies Inc.

IPO

China's WeWork equivalent Ucommune files for US IPO, sources say

(Oct 25): China’s biggest shared workspace provider Ucommune has filed a confidential prospectus with the US securities regulator as it seeks an initial public offering (IPO) before the end of the year, two people with direct knowledge of the matter sai

Sharing Economy

Despite shelved IPO, WeWork still expanding in Singapore

SINGAPORE (Oct 10): WeWork, the provider of co-working spaces, on Thursday launched its new space at 9 Battery Road, in the heart of Singapore’s central business district (CBD).

Broker's Calls

Co-working here to stay, even if WeWork does not work out

SINGAPORE (Oct 4): Things have not been working out these past couple of weeks for co-working space operator WeWork.

REITs

WeWork's cancelled IPO to have limited impact on CCT

Singapore (Oct 7): WeWork’s aborted IPO, announced amid questions over corporate governance, mounting losses and unrealistic valuations, has raised questions over whether the office space leasing company can meet its commitments for properties it plans

Tech

WeWork fiasco and the growth-at-all-costs model

SINGAPORE (Oct 7): Corporate sagas often unfold excruciatingly slowly. Over the past two years, several high-profile, fast-growing, overhyped venture capital (VC)-funded companies have imploded. There was Theranos, a blood-testing start-up founded by char

REITs

WeWork concerns are seeping into Singapore's real estate sector

SINGAPORE (Oct 2): Concerns about WeWork Cos. may amplify the negative impact of a weakening economy on Singapore’s commercial real estate investment trusts, according to Credit Suisse Group AG.

IPO

WeWork withdraws IPO after tumultuous month marked by CEO's exit

(Oct 1): WeWork formally withdrew the prospectus for its initial public offering, capping a botched fundraising effort that cost the top executive his job. The defeat places urgency on WeWork to find new sources of capital to keep the lights on.

Restructuring

A new CEO is not the only thing WeWork needs

SINGAPORE (Sept 30): When a controversial CEO steps down from his post, it is usually just the beginning of an ugly clean-up. Never has that been more true than for WeWork.

Tong's Portfolio

Declining attraction of unicorn IPOs

SINGAPORE (Sept 30): This year was supposed to be the year for tech unicorns. Instead, many are getting unexpectedly strong pushback in the public market — best epitomised by the rapid unravelling of the hype and euphoria surrounding WeWork in the run-u
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