Chinese Co-Working Space Providers Pivot to Stay Afloat...
China News
November 23, 2023
In response to an increasingly saturated market, co-working space providers in the Chinese financial hub, Shanghai, are adapting their business models to remain competitive. Many companies in the office-sharing sector have reduced rental rates, introduced rent-free incentives, and shifted their focus towards individual clients. Beyond providing essential amenities, some co-working operators are emphasizing community-building to attract and retain tenants.