WEWORK OPENS IN HONG KONG WITH FUNDING, BRAND POWER AND UNCERTAINTY

WeWork opened its doors in Hong Kong for the first time on Thursday as the US co-working startup continues its expansion into Asia. The company’s initial foothold in the Asian financial centre occupies nearly 100,000 square feet (9,290 square metres) across eight stories at Phoenix Properties’ newly redeveloped Tower 535 commercial complex on Jaffe Road in Causeway Bay. WeWork’s Hong Kong debut in the grade A office tower comes just two months after the New York-based flexible office provider opened its first Asian location in Shanghai.

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