China’s coworking space industry has exploded over the past few years, matching the fast growth of the country’s startup ecosystem. According to the Wall Street Journal, there were 3,200 coworking space companies in 2014, compared to 400 in 2008.

Not all coworking spaces are connected with startups, however. China Vanke, a real estate company, launched UR Work in April 2015. Hotel development and management company naked Retreats opened their first coworking space naked Hub in Shanghai last November. As the coworking space market continues to saturate, companies will have to offer more than a polished, beautiful space to be unique.

Founded in 2010 by Bob Zheng, People Squared (P2) is one of the oldest coworking spaces in China. P2 has offices in Shanghai and Beijing and plans to expand to other cities such as Shenzhen. Before founding P2, Mr. Zheng founded another startup, liuxueok.com, a social platform for Chinese high schoolers with western universities. In addition to being P2’s CEO, Mr. Zheng is also a mentor at Chinaccelerator.

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Eva Xiao

Eva Xiao is a tech reporter based in Shanghai. Contact her at eva.xiao@technode.com or evawxiao (wechat & twitter).