China’s co-working market is getting crowded, but a pair of global investment heavyweights are betting that there’s still room for another flexible office brand. Atlas, a Chinese provider of innovative workspaces affiliated with Agile Property, has won a long-term strategic… Read More>>
Kr Space Raises $92M for China Co-Working Expansion
Chinese co-working startup Kr Space has completed a new RMB 600 million ($92 million) financing round to accelerate its expansion in China’s top-tier cities, bringing its total funds raised to RMB 1.1 billion ($170 million), the company announced.
The capital… Read More>>
Mainland Co-Working Startup URWork Raises $45M in Series C Cash at $1.3B Valuation
Beijing-based URWork has raised RMB 300 million ($46 million) from a trio of mainland investment firms in a series C funding round that values the mainland co-working provider at RMB 9 billion ($1.3 billion), according to a recent announcement by… Read More>>
naked Hub Acquires Shanghai’s Raise Office in Latest Co-Working Milestone
Asia’s fast-growing flexible office sector has chalked up another merger, with Shanghai-based naked Hub acquiring local rival Raise Office, a co-working operator with four centres in the mainland financial hub.
Through the recently announced deal, the set of Raise Office… Read More>>
WeWork Leases 10-Storey Tower in Shanghai for Biggest-Ever Co-Working Centre
US co-working giant WeWork has leased an entire grade A office building in downtown Shanghai, where the $20 billion startup will open its largest-ever shared office centre.
The take-up of the 27,000 square metre tower in the China Overseas International… Read More>>
WeWork, naked Hub Push Co-Working into Alibaba’s Home Town
The trend toward cosy offices with beer on tap is spreading beyond China’s first-tier cities, with Shanghai-based flexible office brand naked Hub announcing a new centre in Alibaba’s home town of Hangzhou, and US giant WeWork eyeing expansion into select… Read More>>
China’s UrWork to Open US Co-Working Beachhead in LA This Month
Chinese co-working startup UrWork is bringing its flexible office model to Los Angeles County this month, marking its first centre in the US as a legal battle disrupts the company’s planned New York debut.
UrWork has announced it will open… Read More>>
UrWork Vows to Fight WeWork for New York Co-Working Market
The battle for dominance in the global co-working market is heating up and for Beijing-based provider UrWork the contest with its US rival WeWork could be turning into a grudge match.
WeWork issued a statement on Friday seeming to claim… Read More>>
Co-Working Startup Distrii Raises $30M in Jingrui, CDL-Led Series A Round
China’s burgeoning co-working sector just got another burst of cash, with Shanghai-based shared office startup Distrii closing on a RMB 200 million ($30 million) round of financing from a group of global investors.
Singapore’s City Developments Limited (CDL) and California-based… Read More>>
URWork Raises $178M From Prosperity Fund, Beijing Capital Land
Beijing-based flexible office startup URWork has displayed its fundraising prowess once again, announcing it has closed a RMB 1.2 billion ($178 million) round of financing from a group of mainland investors to fuel the $1.3 billion company’s overseas expansion.
For… Read More>>