12/4, 6:13 PM (Source: TeleTrader)
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WeWork China sets ambitious 2020 sales goal - report

WeWork China set bold sales goals in the year 2020, according to the report from Wednesday.

At the internal meeting in Shanghai, division's general manager Alan Ai revealed that despite the staff reduction and weak occupancy numbers at its Chinese properties, the company plans to bring in non-core revenue of around $30 million and account for non-core revenue more than 6% of its total takings in the country, sources familiar with the situation told Reuters.

WeWork is currently going through a restructuring after the SoftBank Group invested $9.15 billion in the company including the $8 billion bailout. WeWork owns 59% of WeWork China.

Breaking the News / TF