The combined growth of the millennial workforce and startup industry is nudging out traditional office spaces in favor of co-working spaces in China. In addition to the rise of domestic co-working  companies, the growing market is also attracting international firms to join the increasingly crowded sector.

After sealing a $430 million USD investment to expand into Asia in March, WeWork opened its first space in Shanghai in June. Australia’s largest startup hub, FishBurners, also has plans to enter China with its own coworking space at the end of August. While international co-working companies are setting their eyes on China, more and more local spaces are looking at the industry with a global vision.

Founded in 2015, SimplyWork is a co-working space startup based in Shenzhen, one of China’s largest tech hubs. In June, the company secured a 30 million yuan (about $4.5 million USD) Series A round of funding from IDG Capital Partners, Huazhu Group and Vanke Group.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.