Our CEO Mark Dixon speaks to CNBC about Regus’s growth in China. Beneath you can find a full transcript of the interview. For more information on Regus please click here:
Reporter 1: So you are in the business of outsourcing the workplace you provide virtual offices to people who don’t want the over-head and expense of maintaining an office. Which parts of the world are you finding this is most popular in?
Mark Dixon: It’s popular all over the world we’ve just opened up our 94th country this week, but where we are seeing a lot of growth it is in continental Europe and also Asia.
Reporter 1: Tell us how this idea is going over in China.
Mark Dixon: Well in China we are seeing a lot of companies that are looking to expand nationally and do so at a low cost and keep flexibility in their fixed cost base. So, our virtual offices and mobile work platforms help companies manage this.
Reporter 1: But we do have growth slowing in China, businesses have said that they have started to scale back some what; how do you expect that to impact your bottom-line?
Mark Dixon: We see any slowdown really as a growth opportunity, for two reasons. First it’s easy for us to partner with real estate owners, to expand the network across a country like China. In addition we’ll see more companies looking to embrace flexible working as a way to cut their costs. So any slow down is really a double-edged sword.
Reporter 2: Mark, did I hear you correctly when you said there is a lot of growth in continental Europe, how are you managing that?
Mark Dixon: Well…cautiously would be the word I use to describe that. Again, in Europe we are seeing an explosion in demand for mobile work, and we are setting up infrastructure to cope with that. In continental Europe for example we signed a deal last week with the SNCF the French National Railways, to open up drop-in business centres on many railway stations in France, and we other railway companies coming behind that, other national railway corporations. What companies are looking to do is really cater to a worker that’s changed his and her method of working, they are using technology, they don’t require a fixed office, a fixed workplace each and everyday in the same place.
Reporter 1: Mark, give us a sense of which sectors are utilizing your services the most, which offices are going mobile?
Mark Dixon: It’s really across the board, but it starts with companies that have large sales forces, which have large field operations, they’re the obvious candidates for this type of application. They came originally from the tech industries, but now its really across all industries with companies like GlaxoSmithKline, Google, Twitter, many companies embracing this and growing with it. What we are seeing growth in now, again, in Europe, a more government use, where governments are looking to cut costs, to outsource, looking to reduce a fixed cost-base and getting their workers more mobile.
Reporter 1: All the way from blue-chips, to governments and small businesses, thank you so much Mark Dixon, joining us there from Regus.
To view some case studies on companies that have gone mobile with Regus, visit here.