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US office-sharing firm WeWork on Thursday said it will sell control of its China division to one of its investors - private equity firm Trustbridge Partners - as it steps back from a competitive market where it has suffered low-occupancy rates.
Reality finally set in for Rony Abovitz in May. The augmented reality headset that had been under development for nine years inside his company, Magic Leap Inc, had been a colossal flop.
KUALA LUMPUR: Coworking space firm WORQ has secured RM10mil in funding from seven follow-on investors, including the regional investment group Phillip Capital.
As future-of-work discussions shift from theoretical to practical, one much-maligned company that could be a solution to a world of hybrid work is WeWork.
TOKYO: SoftBank Group Corp said on Monday it has agreed to sell chip designer Arm to Nvidia Corp for as much as US$40 billion in a deal set to reshape the semiconductor landscape.
SoftBank Group Corp on Sept 9 unveiled the building that will house its new WeWork-designed headquarters.
TOKYO: Just when investors thought Masayoshi Son was reining in risk at SoftBank Group Corp, the Japanese billionaire’s foray into highly leveraged derivatives is giving them fresh reason to worry.
TOKYO: SoftBank Group Corp shares tumbled in Tokyo after reports that the Japanese conglomerate made substantial bets on equity derivatives amid the surge in technology stocks.
SAO PAULO/NEW DELHI/BENGALURU: Softbank Group is taking a direct role in managing its virus-hit hospitality startup Oyo's operations in Latin America through a joint venture which will control all hotels in the region, the head of Oyo Brazil told Reuters in an interview on Friday.
Europe’s fintech upstarts have added millions of users and billions of deposits in their venture-capital fueled boom the past few years. And now the fight to one day turn a profit is becoming a battle for survival.