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Bringing you the latest updates on funding deals and activities in the Asia Pacific.
Shared office space provider WeWork announced on Monday a settlement with its junior creditors and a new cash infusion from its senior lenders, moving ahead with a bankruptcy deal that rejects a $650 million offer from co-founder and former owner Adam Neumann.
Best lyrics: "I tried to take the road less traveled by / But nothing seems to work the first few times."
Severe floods in southern China's Guangdong province claimed the lives of four people and forced the evacuation of more than 100,000 in April 2024, however, online posts have shared old photos of record flooding there in 2022. The earlier crisis left some Chinese towns submerged by floodwaters and forced hundreds of thousands of people to evacuate.
