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Fountown, Golden Eagle to jointly explore “retail + office” innovation
By:Jiang Wenran  |  From:english.eastday.com  |  2016-07-21 15:10

Shanghai, July 21- US shared office start-up WeWork created a myth with its valuation reaching 16 billion USD in only less than six years. Over the past years, many Chinese related companies took a page from WeWork, but to find it difficult to gain profit in domestic market.

However, some companies are exploring their own profit model through their innovative practice. Global shared office service provider Founder Town yesterday signed cooperative agreement with high-end department store giant Golden Eagle International Retail Group, jointly establishing China’s first retail business innovative office trial plot.

“It is an upgrade of both Fountown office ecology and shared office business. We believe that integrating with the market innovative forces can help us explore a brand new profit model,” Wan Lijiang, CEO of Founder Town said that they have entered an era of shared office 2.0 which means mixed cooperation and cross-border innovation.

Founder Town, according to the cooperation, will serve as one of Golden Eagle International Shopping Plaza’s three main destinations and provide a China’s first retail business innovative office trial plot for domestic consumers integrating commerce, office, music, science and technology, shows and interactive entertainment, etc.

Wan also revealed that both sides had a common vision in the retail innovation, which was a reason to choose Golden Eagle as their strategic partner. Both sides will take Shanghai Golden Eagle as the starting point and extend to Golden Eagle’s national networks, exploring in full swing the deep innovation of “retail + office”.

Fountown- Golden Eagle Project is in the preparatory period and is expected to show its appearance in mid-September this year.

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