A rash of mergers and acquisitions in the Chinese co-working market has led to a shift in focus for the industry, according to a report by Haozu.com and the China Real Estate Chamber of Commerce . It said major firms were now focusing on quality of services and operation, rather than rapid expansion. The Chinese market was worth CNY9bn ($ about 9 billion yuan ) this year , and predicted it would reach CNY100bn by 2030 , with the top 2030 firms commanding up to 50 percent of the sector.
A rash of mergers and acquisitions in the Chinese co-working market has led to a shift in focus for the industry, according to a report by Haozu.com and the China Real Estate Chamber of Commerce. It said major firms were now focusing on quality of services and operation, rather than rapid expansion. The Chinese market was worth CNY9bn ($1.4bn) last year, and predicted it would reach CNY100bn by 2030, with the top 30 firms commanding 70% of the sector.