After achieving notoriety for having a name that may have too closely resembled the world’s biggest co-working operator, the Beijing-based shared office startup formerly known as UrWork now appears to be imitating the eating habits of Pac-Man as it feasts… Read More>>
Ucommune Acquires Co-Working Rival Woo Space, Boosting Valuation to $1.7B
Ucommune, the flexible office provider formerly known as UrWork, has acquired co-working rival Woo Space in the startup’s latest expansion play — boosting Ucommune’s valuation to $1.7 billion, the company announced.
China’s biggest co-working space provider informed Mingtiandi that the… 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>>
WeWork’s Chinese Nemesis Leases First Hong Kong Space
The Chinese co-working startup formerly known as UrWork, has reportedly leased a full floor at Grand Millennium Plaza in Sheung Wan, preparing to open its first shared office centre just minutes away from Hong Kong’s Central business hub.
Now going… Read More>>
URWork Rebrands as Ucommune After WeWork Spat and More Asia Real Estate Headlines
At the top of the news today, China’s biggest co-working operator decided to start the new year out with a new name after tangling with its North American rival over pronouns and trademarks. South Korea investors also show up with… 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>>
Country Garden Scraps Plan for Shanghai IPO and More Asia Real Estate Headlines
China’s wave of homecoming listings appears to have officially ended as development colossus Country Garden shelves plan for a Shanghai IPO. Also in the news today, mainland investors are helping Xi Jinping line the belt and road with warehouses, and… 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 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>>