WeWroks’ space in Wan Chai. Photo: SCMP/Handout

WeWork is said to consider giving up some of the office floors in half a dozen Hong Kong locations as it pulls back its operations

  • WeWork may surrender a portion of a recently signed lease in Wan Chai according to people familiar with the matter
  • The firm leased four floors, or around 60,000 square feet, for nine years in the Hopewell Centre in August
Topic |   WeWork

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WeWroks’ space in Wan Chai. Photo: SCMP/Handout
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Will WeWork’s woes affect Hong Kong’s overbuilt co-working sector?

  • WeWork’s rapid expansion in Hong Kong does not mask the fact that the company, which received a US$9.5 billion lifeline from SoftBank, is yet to post a profit
  • Market observers believe the current business model is not sustainable and the industry will see consolidation in the next 12 to 24 months
Topic |   WeWork

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