Expansion of business shows WeWork's ambition in Hong Kong and Greater China

WeWork has opened its third shared workspace in Hong Kong and aims to expand its business in Hong Kong and China in the coming year.Located at Cityplaza Three, Tai Koo, WeWork's new co-working space is the third location in Hong Kong, catering for the needs of freelancers, startups, SMEs and even large corporations and spanning four floors and comprising of more than 1,000 desks.“As WeWork gains greater momentum in Greater China, the opening of WeWork Cityplaza Three signifies our continuous acceleration in the Hong Kong market. With the new collaborative space designed to meet the changing needs of businesses of all sizes in today’s future of work, collaboration, productivity, flexibility and meaning are key in a more effective workforce," said Alan Ai, general manager, WeWork Greater China.WeWork entered the Greater China market in 2016 with the opening of its first location in Shanghai. Currently WeWork has 40 locations in Beijing, Shanghai and Hong Kong with 20,000 members. Hong Kong's fourth workspace will open by 2018 at LKF Tower in Central. As for China, in September, Chengdu and Shenzhen will welcome their first WeWork co-working spaces. Wuhan, Guangzhou, Nanjing and Xi'an will have WeWork locations soon.The expansion plan in Hong Kong and Shenzhen showcases the company's dedication to meeting and facilitating opportunities arising from the Guangdong-Hong Kong-Macau Bay Area initiative."The Bay Area is set to be a fast-growing market for not only multinational enterprises, but also SMEs and entrepreneurs. Empowered by WeWork’s global community, we are confident of supporting more local creators to scale-up while serving as a springboard for international companies as they look to rapidly develop their businesses in the Bay Area," Ai concluded.