WeWork
Original Headquarters: New York, NY
Purchased By: Legend Holdings Corp
Country: China
Shared workplaces have grown more fashionable and trendy than ever before, particularly for freelancers and new businesses. WeWork seized on this trend when it was founded ten years ago. It currently administers over 4 million square meters of co-working space. However, it has not always been plain sailing for the company, which sorely required financing in 2016. As a result, the Beijing-based corporation Legend Holdings Corp invested more than $430 million in WeWork as a “new partner.” CEO of Legend’s Hony Capital, John Zhao, stated, “Our investment in WeWork is both strategic and obvious.”
WeWork
Segway Inc
Original Headquarters: Bedford, NH
Purchased By: Ninebot Inc
Country: China
Standing on two wheels and speeding around seems like something out of Back to the Future a few decades ago, unless you own a motorcycle. Segways gained popularity in recent years, but when Beijing-based business Ninebot purchased Segway in 2015 for $80 million, things improved. Ninebot was able to push the technology to provide Segway a stronger foothold in the robotics and technology industries. Plans to shift production from New Hampshire to China were announced in 2018, but the majority of production was later confirmed to remain in Bedford.
Segway Inc
