Kr Space: Chinese co-working operator Kr Space gives up Times Square facility, retreats from Hong Kong

Kr Space is shutting down its last co-working facility in Hong Kong, ending its ill-fated expansion in the city. The Chinese company, a spin-off of technology platform 36kr.com, confirmed that it had decided to close its 34,000 square feet flexible office centre spread over two floors in Times Square, in the protest-hit district of Causeway Bay, just over a half a year after opening in April. "Despite our efforts, Causeway Bay centre's business did not meet our targets of freeing up cash flow...