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>>
WeWork Turns to Revenue Sharing With Developers After Opening 123 Asian Centres
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>>
Chinese Co-Working Unicorn Ucommune Raises $200M at $3B Valuation
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>>
Mainland Co-Working Heavyweight Ucommune Acquires Rival Fountown
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>>
Chinese Co-Working Unicorn Ucommune Raises $43.5M at $1.8B Valuation
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>>
Hillhouse, General Atlantic Lead $120M in Funding for WeWork China Challenger
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>>
SOHO 3Q Targets 66% Growth This Year in Run-Up to 2019 IPO
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>>
Sino-Ocean, Huarong Rongde Lead $78M Bet on Co-Working Startup Nashwork
Sino-Ocean Capital and Huarong Rongde Asset Management have become the latest Chinese investors to bet on co-working, leading a RMB 500 million ($78 million) financing round in Beijing-based flexible office operator Nashwork.
The fresh investment round, announced on Nashwork’s official… Read More>>
Alibaba-Backed Kr Space Said Seeking $200M to Fuel Expansion
Kr Space is said to be seeking to raise no less than $200 million in a new funding round, as the Beijing-based coworking space operator strives to give WeWork a run for its money in China.
Kr Space, the spinoff… Read More>>
Ucommune Catches Blockchain Fever as China Gets Technical About Co-Working
Chinese co-working startup Ucommune has launched a blockchain development platform, in a move to add a high-tech edge to its network of shared office spaces.
The new program, Ucommune Blockchain Lab, was inaugurated in Beijing on Monday. Member companies will… Read More>>
