Among the top 20 brands (valued in terms of business scale, market influence and performance, financing and M&A), four were purchased by Chinese co-working space 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, up from C$800m ($A1.3bn).
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, up from C$800m ($A1.3bn).