Lei Jun, billionaire founder of smartphone maker Xiaomi, famously pledged to forever limit the net margin on its hardware sales at a maximum 5%. In the red-hot co-working business, a 30-year-old serial entrepreneur reckons he can do something similar.
In an interview with FinanceAsia, Liu Chengcheng, founder of co-working space company Kr Space, explains how he plans to address the lack of afforable office space to startups with resource constraints. Kr Space's strategy carries the risks and cost associated with traditional property, but it is receptive to short-term leasing and pays for the upfront costs, such as Wifi installation and basic decoration.
The privately...
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