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Sales on Singles Day – like Black Friday or Cyber Monday, but bigger – in China soared to a record US$30.8 billion, topping last year’s total by 27 percent.
However, year-on-year, this marked the slowest growth in the 10-year history, a confident s...
WeWork, the co-working office company, has expanded rapidly over its eight-year life span, thanks in part to huge investments from SoftBank of Japan. On Tuesday, it secured another big cash infusion from its largest investor.
Real estate titans have long scoffed at WeWork, which in eight short years has managed to attain a $20 billion valuation by selling short-term leases for shared office space with a mixture of stylish design and free-flowing alcohol.
Derided by some as a real estate company masquerading as a technology company, it has been called ...
The first three industrial revolutions were driven by coal and steam, then electricity and the automobile, then computing. Now we may be witnessing the rise of the fourth: an economy powered by the mobile internet, automation and artificial intelligence.
That was the assessment of Klaus Schwab, founder of the World Economic Forum, who made the fourth industrial revolution the theme of his annua...
It’s clear to anyone paying attention that coworking is a force to be reckoned with. In just the last four years, WeWork’s membership has surged over 3,000% to more than 250,000 users served at 14 million square feet of office space. Meanwhile, competitor Knotel recently raised
The biggest employers on the planet see a future filled with free beer and new age motivational posters. Their offices will need to catch up.
After WeWork Cos reinvented the office experience for freelancers and start-ups, large businesses see their use of flexible space rocketing over the next three years, accor...