Co-Working Is Booming in China, Here’s Why

China has witnessed a huge boom of co-working spaces in recent years with hundreds of thousands of operators emerging. However, co-working is not happening only in China, but developing along with global trends. At the Co-working China Forum, Claire Stephens, Head of Workplace Strategy at global real estate services firm JLL, shared insight on China’s co-working boom.

Sharing Economy Is Changing People’s Concepts of “Ownership”
As the sharing economy takes root in China with increasing vigor, a growing number of Chinese customers are shifting to a collaborative consumption lifestyle. An iiMedia report shows that China’s total revenue from sharing economy is expected to reach 3.95 trillion RMB (roughly 633 billion USD) this year.

Co-working space is among the sectors that benefit most from this mindset change: from owning something to renting something.

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