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Viewsroom

Viewsroom: WeWork’s future may lie in China’s past

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 24 October 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

Beijing-based Kr Space switched from renting out space held on long-term leases to selling services after the shared-office market crashed. Following suit may help WeWork stem losses. Also: climate change and Canada’s election. Plus: the gloomy IMF and unrest in Latin America. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

AI is incredible. They can teach you how to fry an egg and even write a poem, pirate style.

0:07.0

But it knows nothing about your work. Slackbot is different. It doesn't just know the facts.

0:14.0

It knows your schedule. It can turn a brainstorm into a brief and it doesn't need to be taught.

0:20.0

Because Slackbot isn't just another

0:22.4

AI. It's AI that knows your work as well as you do. Visit Slack.com forward slash meet Slackbot to learn more.

0:30.1

The views expressed on this podcast are those of the participants, not of Rorges News.

0:40.4

Welcome to the Views Room, a podcast from Reuters' Breaking Views.

0:43.5

I'm Anthony Curry, and with me is my co-host Anna Shemansky. Hi, Anna.

0:46.8

Hello.

0:47.9

So later in the show, Anna and I will delve into the Canadian election results and what it

0:51.9

means for climate change. Also, our economics editor, Swaha Patinaik, will join Anna to gauge what last week's meeting of the

0:59.1

world's financial elite in Washington, D.C., amid the backdrop of rising problems in Latin America,

1:05.3

tells us about the state of the global economy.

1:08.2

But first, we hand over to our team in Hong Kong who shed some light

1:11.6

on what beleaguered we work can learn from the boom and bust that hit the shared office space

1:16.5

business in China. I'm Pete Sweeney and I'm here in Hong Kong chatting with Robin Mack, our Asia

1:22.4

technology columnist about the shared office space in China.

1:28.3

Everybody's been paying a lot of attention, especially our readers, to the travails of

1:32.3

WeWork, which seems to go from bad to worse.

1:35.3

But in China, it's kind of interesting because there are some rivals that might

1:39.3

going through similar troubles and might have a potential solution.

1:43.3

Robin, what's going on?

...

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