Wework India raises $100 million from Wework Global
WeWork India, which had earlier planned to increase the number of desks to 90,000 by the end of 2020, said the focus is now on profitability rather than growing the number of seats.
WeWork India provides 15,700 sq ft office space in Bengaluru to Khaitan & Co
Khaitan & Co will be setting up operations in WeWork centre at E...
SoftBank’s big options bet tests investor faith in Masayoshi Son
SoftBank disclosed in August that it was establishing an asset management ar...
For SoftBank’s Masayoshi Son, the better TikTok deal is in India
Son might be just the man to bring TikTok back. He’s already one of India’s greatest foreign backers, having poured money into local startups including Snapdeal, Oyo Rooms and Paytm.
SoftBank commits $1.1 billion to WeWork amid membership drop
While WeWork’s second-quarter revenue rose 9% to $882 million from a year earlier, that marked a decline from its $1.1 billion haul in this year’s first three months.
SoftBank returns to profit after record losses
Masayoshi Son has pulled off a remarkably speedy comeback after the worst loss in his company’s 39-year history.
Son’s SoftBank poised to return to profit after big losses
SoftBank uses a number of approaches to value its stakes in private companies, including taking cues from their latest financing rounds and the valuations of publicly traded rivals.
WeWork Global to invest $100 million in WeWork India
WeWork India plans to use the capital for focused growth in the Indian market over the next 36 months.
After 133% rally, has SoftBank's Son pulled off yet another escape from the abyss?
SoftBank has benefited from a rebound in its portfolio of companies, particularly Alibaba. The e-commerce giant hit record after record this year, with its market valuation pushing past $700 billion. Uber Technologies Inc., a key Vision Fund investment, has more than doubled since its mid-March trough.
Coronavirus-fueled uncertainty could accelerate the consolidation of flexible office spaces
While a large operator like RMZ is exiting the business, global major WeWork plans to expand as per client specifications only for some time. Awfis and Smartworks have also slowed down the pace of expansion as they continue to study the evolving market dynamics.
Despite TikTok ban, ByteDance signs office space deal with WeWork
According to the plan, the newly-leased property in the Goregaon suburb was to be used by ByteDance to consolidate and expand its operations in India, said three people directly aware of the deal.
No pets, no events, no crowds: The new normal at WeWork
WeWork India CEO Karan Virwani lays out his vision of a post-Covid world.
Implosion of high-flying billionaire trio shows pledging risks
Pledging is big in Asia, where state-owned banks dominate financial markets and high-growth companies are more common. Tycoons in China and India often turn to lenders and other financial-services firms that offer cash in exchange for committed shares.
New woes for SoftBank's Son: Wirecard may go the WeWork way
As Wirecard drama unfolds, it may well turn into this year's WeWork, another PR disaster for Son.
SoftBank CEO defends Vision Fund chief Rajeev Misra, after losses, controversy
The Vision Fund lost almost $18 billion in the fiscal year ended March 31, as it wrote down the value of investments in WeWork and Uber Technologies Inc., among others.