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Benzinga
Benzinga
Business
The Bamboo Works

MYSTERIOUS: Chinese wework ucommune reports huge losses sees dark days ahead - You Need To See This

Key Takeaways:

  • UCommune breaks new net-loss record in 2021 and has burned through 4 billion yuan in the past four years
  • Huge losses indicate the company still has a long way to go in terms of asset-light transition
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