SHANGHAI: WeWork China has set out ambitious revenue goals for 2020 even though it faces staff cutbacks and weak occupancy numbers at its properties across China, sources familiar with the matter said, citing targets announced by the division's general manager at an internal meeting in Shanghai on Wednesday.
The China division has been a sore spot for the company, burdened with low occupancy rates and intense competition from local players. In 2018, WeWork China generated US$99.5 million in revenue, according to WeWork's IPO prospectus. The company currently rents out office space in 120 buildings in 10 cities across China, according to its website. In addition to major cities like Beijing, Shanghai and Hong Kong, it also has facilities in Shenzhen, Guangzhou, Xi'an, Wuhan, and other smaller markets.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump says China trade deal might have to wait for 2020 electionLONDON (REUTERS) - US President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting hopes of a quick resolution to the dispute which has weighed on the world economy.. Read more at straitstimes.com. Trump basically tell China to wait long long
Source: The Straits Times - 🏆 8. / 63 Read more »
Trump says China trade deal might have to wait for 2020 electionUS President Donald Trump said a trade agreement with China might have to wait until after the US presidential election in November 2020, denting ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
US weapons sales to Thailand have a new competitor: ChinaSINGAPORE (BLOOMBERG) - When signing a vision statement with the US last month, Thai Prime Minister Prayut Chan-o-cha quietly sat as Pentagon chief Mark Esper touted the commitment of an old ally at a time of 'external coercion and intimidation' in Asia - a clear reference to China.. Read more at straitstimes.com. I miss SEATO
Source: The Straits Times - 🏆 8. / 63 Read more »
China to target quarter of vehicle sales to be electric by 2025China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years' time, the industry ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
China to target quarter of vehicle sales to be electric by 2025China should adopt a plan that will see electric vehicles make up a quarter of all autos sold in the country in six years' time, the industry ministry said Tuesday, as the sector struggles with falling sales. A draft blueprint for the development of the 'new energy vehicle' sector -- which
Source: YahooSG - 🏆 3. / 71 Read more »
629 Pakistani girls sold as brides to ChinaLAHORE, Pakistan (AP) - Page after page, the names stack up: 629 girls and women from across Pakistan who were sold as brides to Chinese men and taken to China.. Read more at straitstimes.com. evidence is spoken at random
Source: The Straits Times - 🏆 8. / 63 Read more »