The long-term goal for 3Q, according to SOHO China executive chairman Pan Shiyi, is to become China's largest comprehensive office building service provider. Chinese real estate company Kaisa Group Holdings is embracing the co-workspace trend, opening its first such space in downtown Shanghai on 15 June. In May, Singaporean developer CapitaLand Group opened its first co-working project in northeast Shanghai, and revealed plans to open more in Shenzhen and Beijing in the coming months. The trend has been embraced by many of China’s tech companies, which are looking for ways to cut costs while increasing productivity at their offices.
Chinese real estate company Kaisa Group Holdings is embracing the co-workspace trend, opening its first such space in downtown Shanghai on 15 June. In May, Singaporean developer CapitaLand Group opened its first co-working project in northeast Shanghai, and revealed plans to open more in Shenzhen and Beijing in the coming months. The trend has been embraced by many of China’s tech companies, which are looking for ways to cut costs while increasing productivity at their offices.