SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'
Reuters
Published Nov 05, 2019 03:09AM ET
SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'
TOKYO (Reuters) - SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork's Japanese business can become profitable "in the near future".
WeWork Japan, a joint venture between the office-space sharing startup, telco SoftBank Corp and its parent SoftBank Group Corp (T:9984), is growing well with high occupancy rates, executives said at a news conference.
SoftBank Group was forced to bail out U.S-based WeWork after its IPO attempt flopped and is leading a restructuring at the money-losing firm.
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Written By: Reuters
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