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Companies

WeWork's IPO filing reveals heavy losses in Asia

SoftBank entities committed $1.65bn for joint ventures across the region

NEW YORK/TOKYO -- The parent of U.S. shared workspace service WeWork has revealed heavy losses in its joint ventures across Asia, which are backed by SoftBank Group and its nearly $100 billion Vision Fund.

Details of the company's financial performance in Asia were revealed for the first time in a prospectus filed by The We Company on Wednesday.

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