WeWork (WE.N), the SoftBank Group (9984.T)-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
The European Commission on Monday ordered Alibaba's AliExpress to provide information on how it tackles illegal products, such as counterfeit goods, sold on its platform by Nov. 27 or face an investigation that could result in fines.
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WeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
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WeWork, once valued at $47 billion, files for bankruptcyOffice-sharing company WeWork filed for Chapter 11 bankruptcy protection in federal court Monday.
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Trading in WeWork shares halted amid reports of possible bankruptcy filingTrading in WeWork shares halted amid reports of possible bankruptcy filing
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