Wednesday, July 08, 2020

WeWork enters Thailand

May 23. 2019
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By The Nation

WeWork – a platform for creators that provides space, community and services to help people build a life, not just a living – announced on Wednesday that it was officially entering Thailand with the introduction of WeWork Labs in Bangkok’s Asia Centre Building on Sathon Road and T-One Building on Sukhumvit Road.

Fortified by strong demand from enterprises, small and MSMEs (micro, small, and medium entrepreneurs) and start-ups, the American company is making landfall in Sathorn and Thonglor. In Asia Centre, WeWork will occupy five floors, welcoming 1,200 members to its community, while it will occupy seven floors in Thonglor’s T-One accommodating 1,700 members.

“With Thailand embarking on a new phase of economic development, building on its digital transformation goals, WeWork is committed to becoming a partner to help achieve the ‘Thailand 4.0’ vision by acting as a launch pad for the mid market segment,” WeWork’s Southeast Asia managing director Turochas “T” Fuad said. 

“As our footprint in Thailand grows, we see a huge potential for serving the demand from the MSMEs to Fortune 500 companies looking to us as a solution for flexible, high-quality spaces, along with accelerating their business in the local ecosystem empowered by a global network.”

“This will pave the way for WeWork’s unique proposition to connect two major groups within the WeWork community: corporations looking to innovate, and start-ups looking to grow and better establish their business,” he said.

“As we are creating a new engine to drive the Thai innovation economy, we see how start-ups in Thailand need the global and Southeast Asian perspectives to attract investments and break into new markets,” said Dr Krithpaka Boonfeung, deputy executive director for the National Innovation Agency’s innovation system. “With WeWork Labs’ expertise in stimulating the growth of local start-ups and innovation-based businesses, we are confident that closer partnerships will pave the way for strengthening Thailand’s local ecosystem.”

These announcements also celebrate the milestone of WeWork strengthening its local community powered by a global network, while supporting early-stage start-ups and corporations seeking to disrupt their industries. Making entry into the heart of Bangkok, this will further enable interconnections of business districts, innovation hubs and creative communities, as fostered by WeWork commitment in line with the “Thailand 4.0” vision.

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