Property News · March 18, 2020

Coronavirus could be the beginning of the end for WeWork in Hong Kong as start-up indefinitely delays opening of three branches


WeWork has indefinitely delayed the opening of at least three co-working spaces in Hong Kong that were planned for late last year. Now, market observers believe the coronavirus pandemic could force the company to retreat from the city as it takes a toll on an economy already in recession.The cash-strapped company had planned to open stations in Hysan Place in Causeway Bay and Sun Life Tower in Tsim Sha Tsui at the end of 2019, while its operations in Octa Tower in Kowloon Bay have already been…

Source : South China Morning Post
Read more…Coronavirus could be the beginning of the end for WeWork in Hong Kong as start-up indefinitely delays opening of three branches

You may also like...