WeWork owns 59% of ChinaCo, its joint venture in China, where it has an expanding footprint.
But with that access comes a huge amount of economic and political risk. In addition to dealing with a country that, by many foreign policy experts, is considered the No. 1of the U.S., WeWork acknowledges that its operations in China are run by groups that it can't control, that locals laws are different in terms of the length of leases and that it's subject to the 2017 China Cybersecurity Law, which allows for government scrutiny of data storage and security., which has been roiling U.
WeWork opened an operation in Shanghai in 2016, a year before creating a joint venture with $500 million in capital from Japan's, and Chinese firms Hony Capital and Trustbridge. WeWork owns 59% of ChinaCo, which is the exclusive operator of the company's business in China, Hong Kong, Taiwan and Macau.
"Excluding the China Region, our contribution margin percentage for the six months ended June 30, 2019 would have been approximately three percentage points higher," WeWork said.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
WeWork just dropped its filing to go public, revealing its financials ahead of IPOWeWork released its much-anticipated IPO prospectus, joining a flurry of tech companies going public in 2019.
Baca lebih lajut »
WeWork files for IPOThe Securities and Exchange Commission filing provides the first in-depth look at WeWork's financial results.
Baca lebih lajut »
WeWork IPO Filing Reveals Huge Revenue and LossesWeWork’s parent company unveiled the papers for its initial public offering, taking the next step toward the office-space firm’s debut as soon as September.
Baca lebih lajut »
WeWork-parent We Co. goes public with IPO filingWeWork-parent The We Co. has publicly filed for an initial public offering of common stock. The provider of shared office spaces said it will offer Class A...
Baca lebih lajut »
WeWork files for IPO after losing $1.9 billion last yearWeWork's parent company moves forward with plans to go public despite listing a $1.9 billion loss last year in IPO filing
Baca lebih lajut »
WeWork shows widening losses in IPO filingWeWork owner The We Company on Wednesday filed with regulators for an initial pu...
Baca lebih lajut »