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Mao Daqing

Ucommune Goes for NASDAQ Backdoor Listing at 75% Discount From 2018 Valuation

2020/07/09 by Jonathan Burgos Leave a Comment

Ucommune, China’s largest co-working operator has finally gone public, but not through the IPO that it had touted for more than two years, and at a valuation nearly one-quarter of its peak pricing, according to an announcement earlier this week.

… Read More>>

Christian-Lee WeWork

Temasek Said in Talks to Buy Majority Stake in WeWork China at $1B Valuation

2020/01/17 by Michael Cole 1 Comment

Singapore’s Temasek Holdings, together with Shanghai-based investment manager Trustbridge Partners, has offered to buy up a majority stake in the China operations of troubled flexible office operator Wework, according to a report by Reuters today.

The Singapore government fund and… Read More>>

Credit Suisse, Citigroup, BOA Abandon Ucommune IPO Amid Valuation Questions

2019/12/15 by James Hatton Leave a Comment

It has only been a few days since China’s largest co-working operator officially filed a prospectus for its US IPO, but Ucommune’s debut on the New York Stock Exchange is already said to be facing opposition from its own bankers… Read More>>

liu chengcheng kr space-tb

Mainland Co-Working Start-Up Kr Space Said Closing Six Centres Amid Cash Crunch

2019/02/21 by Jan Kot Leave a Comment

Mainland co-working provider Kr Space, a spinoff of Alibaba-backed tech media firm 36Kr, is said to be closing down six locations, spanning 30,000 square meters (322,917 square feet) according to local media accounts, a move which casts doubts over the… Read More>>

Evan Kleinberg WeWork

WeWork Turns to Revenue Sharing With Developers After Opening 123 Asian Centres

2019/01/02 by Jan Kot 2 Comments

After two years of operating and expanding its Asian operation to 123 centres in nine countries, New York-based co-working provider WeWork believes its brand power and client demand has prepared it to begin partnering with landlords to supply the region’s… Read More>>

Mao Daqing Ucommune

Chinese Co-Working Unicorn Ucommune Raises $200M at $3B Valuation

2018/11/15 by Jan Kot Leave a Comment

Chinese co-working giant Ucommune announced on Wednesday that it has raised its biggest tranche of new capital ever, bringing in $200 million to further accelerate the expansion of its global footprint, according to a company statement.

The deal, described as… Read More>>

Mao daqing tb

Mainland Co-Working Heavyweight Ucommune Acquires Rival Fountown

2018/10/18 by Jan Kot Leave a Comment

Chinese co-working giant Ucommune continued its 2018 expansion streak by fully acquiring its Shanghai-based rival Fountown, adding 26 locations in Beijing and Shanghai to its mainland portfolio.

“I’m positive about the future growth outlook of the co-working economy in China… Read More>>

mao daqing ucommune

Chinese Co-Working Unicorn Ucommune Raises $43.5M at $1.8B Valuation

2018/08/16 by Michael Cole Leave a Comment

Chinese co-working startup Ucommune announced this week that it has raised RMB 300 million ($43.5 million) in its latest blow in the battle for Asia co-working hegemony.

This new round of funding gives Ucommune a valuation of $1.8 billion and… Read More>>

MyDreamPlus founders Mengfei Wen, Wenlei Li and Xiaolu Wang

Hillhouse, General Atlantic Lead $120M in Funding for WeWork China Challenger

2018/08/14 by Richard Meyer Leave a Comment

WeWork challenger MyDreamPlus has raised $120 million in a Series C funding exercise involving six investors, including venture capital players Hillhouse Capital Management and General Atlantic.

The C-round was the Beijing-based company’s fourth and largest funding exercise so far, bringing… Read More>>

Pan Shiyi Soho

SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO

2018/06/24 by Benjamin Cole Leave a Comment

Soho China, one of the largest office developers on the mainland, is aiming for a 2019 Hong Kong IPO for its co-working spinoff Soho 3Q, according to a statement by the company, as investor interest and occupier demand continues to… Read More>>

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