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BusinessTechCrunchWeWork sells majority stake in Chinese entity, seeks localization
Four years after its foray into the Chinese market followed by rapid and cash-hemorrhaging expansion, WeWork decided to wind down its involvement in the country. WeWork's Chinese unit has secured a $200 million investment led by Shanghai-based equity firm Trustbridge Partners, which first backed WeWork China in its Series B round in 2018, the American co-working giant announced. What the release didn't emphasize is that the latest financing effectively makes Trustbridge Partners the controlling shareholder, leaving WeWork with a minority stake in its Chinese entity.
TechnologyEngadgetSeagate's 1TB Game Drive for Xbox Series X, Series S costs $220
Xbox Series X and Series S require these 1TB Game Drive expansion cards to add storage for next-gen games, and to get one it will cost you $220.
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