BEIJING (Reuters) – WeWork China will not participate in the strategic reorganisation of WeWork in the United States and Canada, it said on Tuesday.
WeWork China is not a branch or unit of WeWork, it said in a statement on WeChat, adding the company has independent operations and management capabilities.
WeWork, the SoftBank (TYO:) Group-backed startup, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
“Any operating conditions of WeWork in other regions around the world will not have any impact on WeWork China,” it added.
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