HSBC signs up for 300 desks at WeWork in Hong Kong
HSBC has rented over 300 hot desks in a top-graded office building in Causeway Bay through office sharing platform WeWork, in a deal which signifies the largest corporate membership subscription to an office sharing platform in the Hong Kong market to date. Using WeWork, it has been calculated that the company could save $3,049 per person annually using co-working spaces rather than traditional office facilities as tenants are not required to pay for long leases, fit-outs or deposits.
Banking giant denies move is to cut costs. Experts work out shift save HK$23,000 annually per person