While some of its domestic competitors show signs of stumbling, Chinese co-working giant Ucommune has raised RMB 200 million ($29.8 million) in a round backed by a real estate affiliate of Chinese industrial conglomerate Beijing Xingpai Group, according to information… 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>>
Ucommune Merges with Rival Workingdom, Invests $1.5M in She Power
Chinese flexible office operator Ucommune has announced a strategic merger with Shanghai-based rival Workingdom, marking the fourth such tie-up by the fast-growing startup this year.
Ucommune said last week it had agreed to invest in and merge with Workingdom, which… Read More>>
Shenzhen Fund Investment Pushes Co-Working Unicorn Ucommune Value to $1.4B
Chinese co-working startup Ucommune, formerly known as UrWork, is now valued at over RMB 9 billion ($1.4 billion) following a new investment of RMB 110 million ($17 million) from an existing backer, according to the company’s official Wechat account.
The… 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>>
Singapore’s Banyan Tree Plans First Hotel in Singapore and More Asia Real Estate Headlines
Hotels, hospitals and apartments dominate today’s real estate stories from around the region as Singapore’s best-known resort operator decides to open its first resort in its home city, a co-living operator reveals a mainland expansion plan, and a Shenzhen-based developer… 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 Raises $30M from Kunming Developer, Plans 30K SQM Project
URWork, the Beijing-based shared office unicorn, has flexed its fundraising muscles once again by completing a new funding round for RMB 200 million ($30 million) from KCC, a state-owned developer based in the city of Kunming.
The $1.3 billion startup… Read More>>
