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Startups

WeWork halts China expansion as it struggles to fill offices

Coworking rivals Ucommune, Nash and Kr offer cheaper alternatives

People are seen outside the building of Wework's co-working space in central Beijing. Greater China's is the company's third largest market.   © Reuters
MARRIAN ZHOU, Nikkei staff writer | China

NEW YORK -- After a delayed initial public offering and the resignation of co-founder Adam Neumann as CEO, WeWork has put its expansion plan on hold in China.

New locations will open into 2020, but expansion plans for 2021 have been halted, according to people familiar with the matter.

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