Talk:JustCo

COI issues

Five editors, Sherrill.lee, Sheryl charlotte, JustCo, JustCoSG, and JustCoGlobalSG, as well as the original author, Ryano1978 have contributed extensively - and solely - to this article. It looks very much like a press release. Ryano1978's user page originally had a disclosure, which he removed after less than two hours. BlackcurrantTea (talk) 06:55, 27 August 2018 (UTC)

Proposed Edits to JustCo Wikipedia Page

Introduction  

JustCo is a Singapore-based company that provides physical coworking workspaces and virtual offices for individuals and businesses. Headquartered in Singapore, JustCo was founded in 2011 by Kong Wan Sing, its current CEO, alongside co-founders Liu Lu and Kong Wan Long, as a response to increasing demand for flexible workspace solutions.  With the vision to make work better through networks and communities, the company has since expanded to operate over 40 co-working centres across seven countries or territories in the Asia-Pacific region: Singapore, Japan, Indonesia, Thailand, Australia, South Korea and Taiwan.  

History

Prior to starting JustCo, Kong Wan Sing originally started a finance firm in Boston after graduating from the Stern School of Business, New York University. He then worked in the real estate branch of Sing Long Group, a Malaysia-based company owned by his family.[4] Kong subsequently moved to Singapore where he worked for Mapletree Investments.  

In the early stages of JustCo’s establishment, the company concluded its Series A funding in 2015, led by Pinetree Capital Partners.  

In 2017, JustCo secured its US$12million Series B investment from Sansiri, a leading Thailand developer, to fuel the expansion of its co-working business in Southeast Asia.  

In the following year, GIC, Singapore’s sovereign wealth fund, and multi-national property company Frasers Property Limited, announced their partnership with JustCo. The three partners’ joint investment of US$177million will enable JustCo to build on its presence in Southeast Asia and fuel expansion into other Asia markets such as the Greater China Region, South Korea, Japan, Vietnam, Malaysia, Philippines, Australia and India. The Series C investment will also support JustCo’s continued focus on leveraging technology solutions and enhance services to facilitate collaboration and networking opportunities amongst its growing base of community members.  

In December 2019, JustCo secured a partnership with Japanese construction and real estate firm Daito Trust to develop office spaces in Japan [12]. Daito Trust will invest US$50 million in JustCo. In addition, Daito Trust will invest up to an additional US$24 million to form a new Japan joint venture with JustCo to build and operate flexible workspace business in Japan. The Joint Venture, JustCo DK (Japan) Co., Ltd., will be 51% owned by Daito Trust and 49% owned by JustCo.

By the end of 2019, JustCo expanded its network of co-working centres across eight countries or territories in Asia Pacific, totaling to 40 centres in Singapore, China, South Korea, Japan, Australia, Indonesia, Thailand and Taiwan. Among these include a 16-storey tower in Seoul’s premium Gangnam District. This is also the largest property leased by JustCo to date, and the first time the company has leased an entire building to provide co-working facilities.  

In December 2020, JustCo introduced its Digital Future of Work Platform at The Centrepoint in Singapore’s iconic retail district, Orchard Road, with the support from one of its strategic partners, Frasers Property.  

Piloting the concept at The Centrepoint, JustCo partnered with workspace on-demand platform Switch to offer users fuss-free access to conducive workspaces as and when they need and pay for exactly what they use. Other workspace technologies featured include facial recognition card-free access via Bluetooth capability and a fully automated in-house café by day and cocktail bar by night. Powered by robotics and artificial intelligence, RATIO offers custom-crafted coffee and cocktails, made to a high level of precision.  

As an added safety feature, the facial recognition turnstiles are designed to detect if members are wearing their face masks, to permit them entry. JustCo has also engaged SixSense, a spatial analytics technology company to effectively monitor space occupancy levels and detect any unacceptable social distancing amongst members and guests. [23]

On top of the suite of workspace solutions powered by technology, the company had continued its rapid expansion in Asia Pacific with the opening of new co-working centres in key business hubs such as Singapore, Japan and Australia.  

Business Structure and Services

JustCo’s in-house workspace division designs and conceptualises the overall interior design of large office spaces and buildings, before subletting them to companies and individuals as co-working facilities upon completion.[17]  

All co-working centres managed by JustCo feature common areas such as hot-desking zones, private office suites, event spaces, meeting rooms and pantries.[4] The meeting rooms are also equipped with video conferencing capabilities to support the hybrid working needs of modern businesses.  

Large-scale multinational corporations make up around half of JustCo’s clients. The remaining businesses consist of start-ups, small and medium enterprises, as well as freelancers.  

The JustCo app allows members to access any JustCo co-working centre globally, to book spaces or resources.In June 2020, the company partnered with NewCampus to offer a business networking and workshop service entitled JustCo Campus.

[Proposed New Section] Collaborations and Partnerships  

As a member and stakeholder of the co-working and business community, JustCo is not just the physical co-working facility provider, but also a reliable partner to drive further innovation and collaboration.  

JustCo hopes to serve as a platform and collaboration hub for regional players seeking business opportunities or a testbed to pilot innovative concepts.  

For example, IJustCo established its first curated business community space, the Verizon Innovation Community in Singapore, formed with Verizon Communications as a space for digital and technology companies in 2018.[18] This launch marked a shift in co-working towards collaboration between co-working operators and big corporates to curate communities within their premises. Members of the innovation community curated and managed by JustCo will be in the fields of cybersecurity, fintech/blockchain, digital media, Internet of Things and artificial intelligence. [25]

In 2019, JustCo launched a start-up incubation programme called JustCo Labs, developed as a partnership with Trive Ventures.[19] The programme named “Trive Labs”, features a nine-month long project targeting early-stage Singapore startups and will focus on providing support, resources and mentorship for all participants through JustCo, one of Asia's largest co-working communities. 

In the same year, Novum Global Ventures, part of Southeast Asia’s leading blockchain advisory and investment group of companies under The Novum Group, announces partnership with JustCo Labs. With this partnership, Novum Global Ventures will gain access to JustCo’s regional network of more than 30 centres located across multiple key Asian cities. Participants under this programme can also tap into JustCo’s ever-growing community of more than 17,000 members to seek new connections, find collaboration opportunities, gain insights and eventually drive success to each other’s businesses. [24] Jcshc (talk) 03:22, 8 February 2023 (UTC)