The coworking industry has witnessed significant growth before the outbreak of the virus that has hampered the operations globally, but COVID 19 is seen as another driving factor for the coworking market During the period 2016 2019 the coworking industry has experienced strong double digit growth, with 12 17 rise in the number of members joining coworking spaces year on year The trend of start ups was a major contributing factor before the virus outburst China being largest populated and strong economy driven country has seen more than six million start ups registered in 2017 and in terms of revenue the Coworking market in China reached to RMB 5 47 billion Home grown technology companies are fueling the coworking demand in China, by 2018 there were around 120 homegrown unicorns that accounted for 50 of the global number However, due to economy slowdown in 2019 according to a report by the China Real Estate Chamber of Commerce ( in first 10 months almost 40 coworking hubs were closed down

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