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ID Digest: WeWork Indonesia not hit by US turmoil; Coal miner Petrindo Jaya Kreasi to buy stake in Petrosea

WeWork has four locations in Jakarta.

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WeWork India CEO says US bankruptcy filing will not affect local operations

CEO Karan Virwani asserted that the Indian business is independent from WeWork Global

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SoftBank-backed WeWork succumbs to bankruptcy

WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought US bankruptcy protection on Monday, after its bets on ..

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WeWork Bankruptcy Hits High-End Buildings in Boston

WeWork Bankruptcy Hits High-End Buildings in Boston
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Once worth $47 billion, WeWork shares near zero after bankruptcy warning

The SoftBank-backed company has been in turmoil ever since its plans to go public in 2019 imploded after investors recoiled at its hefty losses, corporate governance lapses and the management style of then founder-CEO Adam Neumann.

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