Co-working space operators in China are facing a massive funding crunch. Photo: Handout

China’s co-working operators squeezed by a lack of funding are shutting down

  • Kr Space, one of China’s largest co-working space operators, is cutting staff and scaling back ambitious expansion plans
  • With co-working operators engaging in a bloody price war, profitability remains a distant possibility
Topic |   China property

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Co-working space operators in China are facing a massive funding crunch. Photo: Handout
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Zheng Yangpeng

Zheng Yangpeng

Zheng Yangpeng is a business reporter at the Post, covering China property, banking and finance. He previously worked for China Daily, joining the Post in 2016. He holds a Bachelor's Degree in Journalism and Communication from Peking University, and a Master's Degree in Global Business Journalism from Tsinghua University.