Loans: 98 Per Cent Of China’s Growth Funding To Pakistan Is In Type Of Less-than-generous Loans: Report
Founded in 2010, the company’s business entails taking long-term leases on office buildings and selling short-term memberships to workplaces geared towards co-working. The firm was once valued at $47bn on an funding of $12.8bn, primarily from Japanese multinational SoftBank. After the publication of its S-1 prospectus, nonetheless, analysts valued the company at $10bn. Trading in the struggling company’s stock was halted ahead of the opening bell on the New York inventory exchange. WeWork, which said final week the company doesn’t comment on speculation after the Wall Street Journal reported it was planning to file for Chapter 11 bankruptcy protection, didn’t…