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Startups

WeWork troubles give Chinese unicorns the chills

Investor scrutiny over business models and profitability scares wannabes

A WeWork shared office in Fukuoka, Japan. Several investors view the unicorn as a property leaser instead of a high-tech startup. (Photo by Daichi Mishima)
ALEX FANG and TAKENORI MIYAMOTO, Nikkei staff writers | North America

NEW YORK -- The cold shoulder the market has given SoftBank Group-backed office-sharing platform WeWork has sent chills to Chinese startups that dreamed of making it big with U.S. listings.

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