WeWork bullish on prospects of Chinese co-working sector
China DailyPedestrians pass a WeWork building in Beijing on May 6. Although many enterprises have adopted remote working modes during this unprecedented time, the collaborative atmosphere, high work efficiency and convenient devices provided by offline working space are still difficult to be replaced," said Ai. Business consultancy Frost & Sullivan predicted China's co-working sector will witness rapid growth in the next five years, with its market scale reaching 409.2 billion yuan in 2022. "With the development and evolution of China's co-working industry, an increasing number of traditional enterprises are gradually adapting to co-working modes, and they have put forward new requirements. "The growth potential of the co-working market is huge, with 10 to 20 percent of the office buildings adopting co-working methods in the future," said Wang Xiaolu, founder of Chinese co-working startup MyDreamPlus.
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