Min read. The China unit of WeWork’s accelerator-type program WeWork Labs and Alibaba’s cloud computing arm Alibaba Cloud have inked a partnership to support entrepreneurs grow their businesses both in Greater China and overseas. Li Zhongyu, manager of Alibaba Cloud Innovation Incubation Department said Alibaba Cloud will provide technology and entrepreneurial support to WeWork Labs across e-commerce, fintech, logistics, healthcare, entertainment, and more.
“We believe Alibaba and WeWork have different parts of the puzzle and we can complete a wider picture of entrepreneurship,” said Roee Adler, global head of WeWork Labs. The US community and space operator also announced the official rollout of WeWork Labs in Greater China, around one year after a pilot period that started in June last year. WeWork Labs, which launched internationally in 2018, is an accelerator-type program under the WeWork umbrella.
WeWork Labs Greater China now has three physical spaces in Shanghai and plans to expand to around 10 cities in the country this year, according to Dylan Huang, the head of the company for Greater China. WeWork Labs’ Adler, who is himself a serial entrepreneur, said that the customer-focused mindset and mass manufacturing capabilities are two major advantages that could help Chinese startups outrun their global rivals.