blog

WeWork Sells Majority Stake in China Business

Written by Lauren | Sep 24, 2020 7:33:11 PM

WeWork is selling control of its China business, the latest sign that the company is abandoning its former rapid growth approach and looking to reduce risk. A group led by investment firm Trustbridge Partners paid $200 million to increase its stake in WeWork China, which leases and effectively sublets office space in the country, the companies said.