WeWork’s chairman says it expects to have positive cash flow in 2021

After aggressive cost-cutting measures, including mass layoffs and selling several of its businesses, WeWork’s chairman expects the company to have positive cash flow in 2021. Marcelo Claure, who became WeWork’s chairman after co-founder Adam Neumann resigned as chief executive officer last fall, told the Financial Times that the co-working space startup is on target to […]
https://tcrn.ch/3emGtEd

China Roundup: Tech giants take stance on Beijing’s data control in Hong Kong

Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, the unprecedented national security law descended on Hong Kong, changing the day-to-day life of the people there, as well as businesses across the […]
https://tcrn.ch/3iXUKL9

Qualcomm to invest $97 million in India’s Reliance Jio Platforms

Qualcomm has become the newest high-profile backer of four-year-old Reliance Jio Platforms, which has raised more than $15.7 billion in the past 12 weeks from as many investors. On Sunday evening, Qualcomm Ventures said it will invest $97 million in Reliance Jio Platforms to acquire a 0.15% equity stake “on a fully diluted basis” in the […]
https://tcrn.ch/2WbaW1L