Thursday, February 27, 2020

WeWork Continues Sustaining Momentum across Greater China

WeWork, the world’s leading co-working and space-as-a-service platform, reported that it will expand its footprint in cities across Greater China in December, including Shanghai, Beijing, Guangzhou, Nanjing and Hong Kong. This plan is also part of the global milestone that WeWork achieved this month, where the company has opened a record 52 new buildings in cities across EMEA, Latin America, Greater China, the Pacific, and Japan. The December openings continue business momentum, with more on track to open before the end of the year.

“These new building openings are driven by strong demand from companies of all sizes for co-working in our beautiful, functional spaces, and the flexibility of our space-as-a-service platform,” said Alan Ai, WeWork Greater China General Manager. “Greater China has always been a strategic market for WeWork and we are committed to our members in this market for the long term. Working alongside landlords and local partners, WeWork continues to provide an exceptional member experience, as we meet the evolving real estate needs of companies in the Greater China region.”

WeWork has been taking a thoughtful approach in how it grows its business in Greater China since operating in 2016. As a physical global platform that captures users spending 8-10 hours at least five days a week in WeWork buildings, providing opportunities to make their experience with WeWork more meaningful, WeWork will prioritize and invest in the member experience to deliver a consistent, seamless global offering, where people feel energized, more productive, and more fulfilled compared to a traditional office experience.

Additionally, the company continues to see strong demand for our space, signing more than 280 new enterprise companies globally in the past 90 days. Currently, 38% of the Global Fortune 500 are WeWork members. Enterprises of all sizes increasingly seek cost-efficient, flexible and scalable workplace solutions and an environment that promotes productivity and employee engagement.

In Hong Kong, enterprise member APPYSPORT, a Hong Kong-based sports technology startup, with a mission to facilitate sports practice in Hong Kong, recently joined the WeWork Community. With vast opportunities for collaboration within WeWork, it is crucial for the growth of a startup, in addition to the flexibility and vibrant community that the collaborative space offers.

The value that WeWork brings to its members goes beyond a collaborative space. WeWork provided APPYSPORT with opportunities to market their products and services to members in the community through a diverse range of networking events, including the Thank God It’s Monday breakfast session and the Wellness Wednesday session in collaboration with APPYSPORT.

“WeWork’s extensive network provides us with support that we need as a startup, which provides us the opportunities to understand the market, promote our products, and explore potential collaboration opportunities that will take us further. With strong support from our strategic partner, Decathlon, APPYSPORT accelerated in our growth in both business and the strength of the company. WeWork was able to cater to our expansion needs in an agile and cost-efficient manner,” said Kelly Chan, Co-CEO of APPYSPORT. “Sports is in our everyday life, and we are committed to creating an ecosystem that will help consumers integrate sports into their everyday lives through one single platform where sports lovers can manage facilities booking, equipment rentals, group classes, and coach hiring. Leveraging WeWork’s established community, we are able to reach out to a broader audience group, while the team can also be inspired by talents around us.”

WeWork’s vision is to create a world where people work to make a life, but not just a living. This has proven to be aligned with its member companies’ company culture, including APPYSPORT’s. “The vibrant ambiance and collaborative culture at WeWork make our team happier. They feel motivated and energized at WeWork, and the experience has also enhanced the team’s productivity because the agile working environment encourages exchange of ideas with other members. Moving forward, we look forward to exploring more opportunities including corporate partnership with exclusive offers, as well as new products and services that target different segments. We hope to accelerate the development of our platform and make sports accessible for everyone in Hong Kong leveraging WeWork’s resources,” added Kelly Chan, Co-CEO of APPYSPORT.

WeWork looks forward to embarking on its next chapter with local members, landlords, partners, investors and governments in the region. WeWork will continue its mission to reinvent the way people work through designed space, flexibility, technology, and community.

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