WeWork is planning to open its first co - working location in 2020 , in a newly - renovated commercial building in the trendy Jing An district . The building is said to be already 60 % leased and will open in June ; it will differ from WeWork set ups in America , which focus on communal spaces , as it is expected that the Chinese market will have a stronger demand for small , private offices . Chinese real estate newsletter , meanwhile , warns that WeWork is going up against “ a surge ” of already established , local competitors .
WeWork is preparing to open its first co-working location in Shanghai, in a newly-renovated commercial building in the trendy Jing An district. The space is said to be already 60% leased and will open in June; it will differ from WeWork set ups in America, which focus on communal spaces, as it is anticipated that the Chinese market will have a stronger demand for small, private offices. Chinese real estate newsletter, Mingtiandi, warns that WeWork is going up against “a number” of already established, local competitors.