Why Chinese co-working giant Ucommune takes the anti-WeWork approach to its NYC expansion

When the largest U.S. co-working company, WeWork, expanded into China in 2016, it did so without a local co-working partner. Now, almost two years later, China’s largest co-working company, Ucommune, is expanding into the U.S. But unlike WeWork, it decided it needed some help. “This kind of business is very local,” Ucommune’s chairman Mao Daqing. “You must know the local market well. You must know the customs well.” On Wednesday, Ucommune celebrated the launch of […]

source https://therealdeal.com/2018/03/30/why-chinese-co-working-giant-ucommune-takes-the-anti-wework-approach-to-its-nyc-expansion/