Developer CapitaLand officially opened a co-working space in Shanghai yesterday - its first foray into China's booming sharing economy sector.
Named C3 (pronounced "C Cube"), it has achieved an occupancy rate of more than 60 per cent with 23 tenants - mostly tech start-ups - in the two months since its soft launch in March. The 2,700 sq m of space at one of CapitaLand's newly acquired office projects in the Wujiaochang area in Yangpu district comprises about 450 desks.
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