Q&A: Kr Space lays out ambitious office goals

WeWork's Chinese rival aims to become the world's largest co-working space provider by 2020 by expanding aggressively into other Asian cities.

Lei Jun, billionaire founder of smartphone maker Xiaomi, famously pledged to forever limit the net margin on its hardware sales at a maximum 5%. In the red-hot co-working business, a 30-year-old serial entrepreneur reckons he can do something similar.

In an interview with FinanceAsia, Liu Chengcheng, founder of co-working space company Kr Space, explains how he plans to address the lack of afforable office space to startups with resource constraints. Kr Space's strategy carries the risks and cost associated with traditional property, but it is receptive to short-term leasing and pays for the upfront costs, such as Wifi installation and basic decoration. 

The privately...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222