·HSK 4

shared workspace company WeWork files for bankruptcy protection
gòngxiǎng bàngōng kōngjiān gōngsī WeWork shēnqǐng pòchǎn bǎohù
共享办公空间公司WeWork申请破产保护
。

WeWork, once valued at 47 billion dollars, filed for bankruptcy protection on November 6

céng gūzhí sì bǎi qī shí yì měiyuán de WeWork yú shíyī yuè liù rì shēnqǐng pòchǎn bǎohù

曾估值四百七十亿美元的WeWork于十一月六日申请破产保护

。

November 7, 2023 at 2:00 PM

WeWork, once valued at 47 billion dollars, filed for bankruptcy protection in November

céng gūzhí sì bǎi qī shí yì měiyuán de gòngxiǎng bàngōng kōngjiān gōngsī WeWork yú shíyī yuè shēnqǐng pòchǎn bǎohù

曾估值四百七十亿美元的共享办公空间公司WeWork于十一月申请破产保护

。

the company rapidly expanded after raising 5 billion dollars in 2019

gāi gōngsī zài èr líng yī jiǔ nián yǐ wǔ shí yì měiyuán róngtī hòu xùnsù kuòzhāng

该公司在二零一九年以五十亿美元融资后迅速扩张

，

but its business model faced serious challenges

dàn qī jīngyíng móshì miànlín yánzhòng tiǎozhàn

但其经营模式面临严重挑战

。

office space demand fell sharply during the pandemic

xīnguàn yìqìng qījiān bàngōng chǎngsuǒ xūqiú dà fú xiàjiàng

新冠疫情期间办公场所需求大幅下降

，

causing company losses to worsen

dǎozhì gōngsī kuīsǔn jiājù

导致公司亏损加剧

。

founder Adam Neumann attempted a buyback

chuàngshǐ rén yàdāng niǔmàn céng shìtú jìnxíng huíhuò

创始人亚当纽曼曾试图进行回购

，

but ultimately failed

dàn zuìzhōng wèi néng chénggōng

但最终未能成功

。

the bankruptcy filing involves several hundred affiliated entities

cǐ cì pòchǎn shēnqǐng shèjí shù bǎi jiā guānliái qǐyè

此次破产申请涉及数百家关联企业

。

New Words

gòngxiǎng bàngōng

共享办公

shared office space

pòchǎn bǎohù

破产保护

bankruptcy protection

róngtī

融资

financing

kuòzhāng

扩张

expand

jīngyíng móshì

经营模式

business model

xīnguàn yìqìng

新冠疫情

COVID-19 pandemic

xūqiú xiàjiàng

需求下降

demand decline

kuīsǔn

亏损

loss

chuàngshǐ rén

创始人

founder

huíhuò

回购

buyback

guānliái qǐyè

关联企业

affiliated entities

shēnqǐng

申请

file/apply

News in English

Business

WeWork Files for Chapter 11 Bankruptcy

WeWork, once valued at 47 billion dollars, filed for bankruptcy protection on November 6 after years of escalating losses.

WeWork, once valued at 47 billion dollars, filed for bankruptcy protection in November. The company rapidly expanded after raising 5 billion dollars in 2019, but its business model faced serious challenges.

During the COVID-19 pandemic, office space demand fell sharply, causing company losses to worsen. Founder Adam Neumann attempted a buyback, but ultimately failed.

The bankruptcy filing involves several hundred affiliated entities.

shared workspace company WeWork files for bankruptcy protection
gòngxiǎng bàngōng kōngjiān gōngsī WeWork shēnqǐng pòchǎn bǎohù
共享办公空间公司WeWork申请破产保护
。

New Words

News in English

WeWork Files for Chapter 11 Bankruptcy

More in Business

International Monetary Fund (IMF)
Guójì Huòbì Jījīn Zǔzhī
国际货币基金组织
and / with
yǔ
与
World Bank
Shìjiè Yínháng
世界银行
annual meeting
niánhuì
年会
in
zài
在
Bangkok
Màngǔ
曼谷
officially / formally
zhèngshì
正式
to open / to commence
kāimù
开幕
。

Canada
Jiānádà
加拿大
trade
màoyì
贸易
minister
bùzhǎng
部长
to lead
shuài
率
300 people
sān bǎi rén
三百人
delegation
dàibiǎotuán
代表团
to go to
fù
赴
India
Yìndù
印度
to visit
fǎngwèn
访问
。

shared workspace company WeWork files for bankruptcy protectiongòngxiǎng bàngōng kōngjiān gōngsī WeWork shēnqǐng pòchǎn bǎohù共享办公空间公司WeWork申请破产保护。

New Words

News in English

WeWork Files for Chapter 11 Bankruptcy

More in Business

International Monetary Fund (IMF)Guójì Huòbì Jījīn Zǔzhī国际货币基金组织and / withyǔ与World BankShìjiè Yínháng世界银行annual meetingniánhuì年会inzài在BangkokMàngǔ曼谷officially / formallyzhèngshì正式to open / to commencekāimù开幕。

CanadaJiānádà加拿大trademàoyì贸易ministerbùzhǎng部长to leadshuài率300 peoplesān bǎi rén三百人delegationdàibiǎotuán代表团to go tofù赴IndiaYìndù印度to visitfǎngwèn访问。

shared workspace company WeWork files for bankruptcy protection
gòngxiǎng bàngōng kōngjiān gōngsī WeWork shēnqǐng pòchǎn bǎohù
共享办公空间公司WeWork申请破产保护
。

Canada
Jiānádà
加拿大
trade
màoyì
贸易
minister
bùzhǎng
部长
to lead
shuài
率
300 people
sān bǎi rén
三百人
delegation
dàibiǎotuán
代表团
to go to
fù
赴
India
Yìndù
印度
to visit
fǎngwèn
访问
。