xi's moments

WeWork expands in China

By Shi Jing in Hangzhou | chinadaily.com.cn | Updated: 2018-12-08 10:48

A man enter the doors of the "WeWork" co-operative co-working space in Washington, DC, on March 13, 2013. [Photo/VCG]

WeWork, considered the world's leading co-working space provider, opened its first property in Hangzhou, Zhejiang province.

It is thought the move indicates the company's wish to further explore China's market potential.

The space is a 10-minute walk from West Lake and will create about 1,700 jobs, among which up to 50 will be flexible.

WeWork Greater China general manager Alan Ai said that they will keep pace with Hangzhou's technology innovation and industrial transformation by gathering high-level innovation resources in their space.

WeWork Greater China regional head of project delivery Sern Hong Yu said the company plans to open a further two spaces in Hangzhou.

There is currently one WeWork space in every two or three blocks in markets like New York and London, he added.

The company hopes to achieve a similar expansion in China.

Founded in New York in 2010, WeWork launched in China in 2016 and has now opened 69 spaces in six Chinese cities.

It plans to open new spaces in Guangzhou and Wuhan by the end of this year.

BACK TO THE TOP
Copyright 1995 - 2018 . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349