334:, respectively. In April 2018, the company opened its second coworking space in Singapore. In March 2018, Ucommune opened its first location in New York City, in a tie-up with Serendipity Labs. The joint venture is aimed at helping Ucommune cater to Chinese businesspeople doing business in the US, and will also give the US-based Serendipity Labs a foothold in the China market by allowing its members access to Ucommune's co-working spaces there.
22:
397:
Ucommune entered into a 16-year joint venture with
Serendipity Labs in New York and 6 other locations in the United States in July 2017. Ucommune will be co-branded with Serendipity Lab's New York City office while Serendipity Labs’ members will gain access to Ucommune's offices in China. This joint
401:
Ucommune made a strategic investment into
Indonesia's co-working company Rework to extend their reach in Southeast Asia in September 2017. This is part of Ucommune's strategy for its expansion into the fourth most populous country in the world and for Chinese companies to enter the market. Rework
393:
Ucommune and New Space announced a merger on 26 April 2017. The combined entity is expected to provide 100,000 desks and 500,000 square metres in 35 cities over 3 years. Technode noted that after the merger, both companies will maintain their independent status and the team structures will remain
320:
in April 2015 to run
Ucommune full-time. By the end 2015, Ucommune hosted 100 companies in its space. That number grew tenfold by the end of 2016. As of 2017, half of Ucommune's 4,000 resident companies were startups. The company shifted its focused to providing "community services" rather than
348:
In August 2018, Ucommune announced it would expand into 50 more cities before the end of the year while seeking 200 million dollars in further funding. The same month, Ucommune formed a new partnership with real estate developer RK Properties.
344:
In June 2018, Ucommune expanded its operations in China with a 300 million RMB buyout of rival
Workingdom. This followed on the heels of WeWork's April 2018 purchase of Naked Hub, one of the largest co-working space operators in China.
278:
in the
Chinese co-working space, but by November 2018, Ucommune had completed its D round of financing, securing a valuation of 2.4 billion US dollars. In February 2019, it was reported that the company was seeking to list on the
394:
unchanged. Mao Daqing will be the
Chairman and share the Co-CEO title with Wang Shengjiang (CEO of New Space). New Space has had over 200 projects in its accelerator and around 70% of them have reached angel or A round funding.
389:
Ucommune merged with Woo Space for an undisclosed sum on 14 March 2018. With that single purchase, Ucommune gained access to 23 more locations in China, 1.08 million square metre of space and additional 700 clients.
286:
Ucommune has over 300 employees and 400,000 square meters of office space in 160 locations. The company provides community services to its 5,000 member companies and 609,000 individual members worldwide.
717:
357:
As of August 2018, Ucommune has raised over 450 million dollars in funding over 11 rounds, putting its valuation at 1.8 billion dollars. RockTree
Capital is the sole foreign investor in Ucommune.
313:
Ucommune was founded as UrWork in
Beijing, China in 2015. The company changed its name to Ucommune in 2018 following a legal dispute over the name with WeWork, another co-working company.
294:- enabled smart co-working experience for its tenants. Founder Mao Daqing views co-working as an way to take advantage of unused space and give opportunities to young entrepreneurs.
747:
381:
In May 2018, it was reported that
Ucommune was mulling a possible initial public offering to be held in early 2019. Hong Kong is the most likely location for the IPO.
324:
In May 2017, the then-named UrWork raised 58 million dollars for expansion leading it to be called the "biggest obstacle to WeWork's dominance in the China market."
697:
587:
1088:
924:
954:
877:
423:
637:
604:
1093:
1040:
971:
807:
794:
523:
503:
730:
667:
650:
1098:
1103:
69:
764:
984:
51:
32:
229:
440:
894:
1041:
https://therealdeal.com/2017/06/30/wework-rivals-serendipity-labs-urwork-ink-34k-sf-lease-at-fosuns-28-liberty/
466:
47:
684:
781:
907:
540:
316:
Mao Daqing, Ucommune's founder, left his job as a senior vice president at
Chinese real estate developer
1027:
1010:
554:
327:
Ucommune, then known as UrWork, opened its first overseas co-working space in Singapore in June 2017.
254:
provider founded in 2015 by Mao Daqing. It is now the second-largest co-working space provider after
997:
833:
620:
291:
941:
274:. The company was valued at 1.8 billion US dollars in August 2018, making it the first domestic
571:
275:
341:, Ucommune founder Mao said that 80% of the company's locations had already turned a profit.
851:
251:
479:
375:
361:
91:
43:
878:
Chinese coworking unicorn UrWork closes US179m funding round ahead of global expansion
1082:
453:
365:
271:
99:
1053:
864:
109:
820:
424:
Is more consolidation on the cards for China's co-working office space market?
371:
After its December 2017 round of funding, Ucommune was worth US$ 1.3 billion.
698:
Chinese co-working unicorn UrWork to open 2nd Singapore branch in Suntec City
467:
Chinese WeWork rival Ucommune raises $ 200M to go after international growth
267:
263:
1028:
Merger between URWork and New Space points to maturity in co-working market
795:
WeWork confirms deal to buy Naked Hub, one of its main competitors in China
403:
259:
504:
Ucommune merges with rival Workingdom, Invests 1.5 million in She Power
247:
154:
402:
joined for Ucommune's industrial experience and knowledge for future
338:
331:
302:
280:
255:
237:
105:
925:
Chinese co-working space provider Ucommune considering Hong Kong IPO
330:
In January and April 2018, Ucommune opened offices in Hong Kong and
258:, with properties in three dozen cities around the world, including
317:
297:
Notable tenants of Ucommune include established start-ups such as
821:
In brief: Ucommune raises $ 44m to keep up the fight with WeWork
290:
Ucommune provides a modern co-working environment digitally and
588:
The Architect Behind China's Biggest Co-Working Empire Eyes IPO
972:
WeWork Chinese rival in talks to raise $ 200 million, eyes IPO
808:
WeWork Chinese rival in talks to raise $ 200 million, eyes IPO
298:
15:
1071:
668:
Chinese unicorn in shared office sector eyes regional growth
748:
Chinese co-working giant grabs a toehold in New York market
605:
WeWork China Rival UrWork Can't Use Name on New York Office
955:
Chinese co-working space provider ucommune considering IPO
782:
WeWork’s biggest rival in China is on an acquisition spree
189:
Workspace for startups, entrepreneurs and small businesses
765:
WeWork's Chinese rival moves into Manhattan office market
638:
UrWork Takes on WeWork in Fight for China's Shared Spaces
321:
simply renting space to entrepreneurs in December 2017.
214:
731:
Chinese co-working leader dips a toe in New York waters
39:
441:
UrWork rebrands as Ucommune, raises 61 million dollars
398:
venture is Ucommune's first foray into the US market.
718:
Chinese coworking firm seeks 200 million in financing
522:
Hu, Yuanyuan & Chen, Meiling (27 December 2017) "
895:
UrWork raises 30 million from healthcare firm Aikang
651:
China co-working space player opens Singapore office
480:"Tech in Asia - Connecting Asia's startup ecosystem"
50:, and by adding encyclopedic content written from a
834:"China co-working company Ucommune seeks IPO in US"
574:" Xinhua News Service. Retrieved 18 September 2018.
524:
Ucommune transforms into community service provider
209:
201:
193:
185:
175:
165:
149:
141:
123:
115:
97:
87:
555:UR Work ushers in the era of staff-less experience
454:Ucommune raises $ 43.5 million in Series C funding
1011:UR Work and New Space merge to create major force
923:Yang, Yingzhi & Chua Kong Ho (17 May 2018) "
953:Yang, Yingzhi & Chua Kong Ho (17 May 2018)
806:Ramly, David and Lee, Yoolim (14 August 2018) "
572:Co-working accelerates Chinese entrepreneurship
1043:" The Real Deal. Retrieved 18 September 2018.
985:WeWork's China rival could go public by 2019.
582:
580:
443:" Yahoo Finance. Retrieved 12 September 2018.
8:
823:" Tech In Asia. Retrieved 12 September 2018.
82:
621:UrWork heads west to help Chinese start-ups
1056:" TechInAsia. Retrieved 18 September 2018.
897:" Techcrunch. Retrieved 18 September 2018.
854:" TechCrunch. Retrieved 12 September 2018.
797:" TechCrunch. Retrieved 12 September 2018.
784:" TechCrunch. Retrieved 12 September 2018.
712:
710:
640:'. Bloomberg. Retrieved 13 September 2018.
197:Shared workspaces, training for businesses
81:
942:Co-working company Ucommune eyes 2019 IPO
810:" Bloomberg. Retrieved 12 September 2018.
607:" Bloomberg. Retrieved 12 September 2018.
70:Learn how and when to remove this message
1052:Cosseboom, Leighton (7 September 2017) "
1030:" TechNode. Retrieved 18 September 2018.
1000:" EdgeProp. Retrieved 18 September 2018.
944:" Technode. Retrieved 13 September 2018.
456:" Technode. Retrieved 13 September 2018.
908:A 'Holiday Inn' in the co-working space
615:
613:
452:Udemans, Christopher (14 August 2018) "
415:
31:contains content that is written like
1089:Chinese companies established in 2015
7:
518:
516:
1054:UrWork funds Rework to fight WeWork
687:" EdgeProp. Retrieved 13 Sept 2018.
469:" TechCrunch. Retrieved 11.13.2018.
970:Bloomberg News (August 14, 2018) "
720:" Reuters. Retrieved 12 Sept 2018.
246:), formerly known as UrWork, is a
14:
850:Russell, John. (14 August 2018) "
603:Huet, Ellen (29 September 2017) "
746:Flamm, Matthew (29 March 2018) "
696:Chia Yan Min (9 December 2017) "
20:
1039:Bockman, Rich. (30 June 2017) "
940:Zhao, Runhua (15 August 2018) "
793:Russell, John (11 April 2018) "
716:Lash, Herbert (28 March 2018) "
422:Yang, Yingzhi (20 April 2018) "
283:at a valuation of $ 3 billion.
1094:Companies listed on the Nasdaq
1017:. Retrieved 18 September 2018.
998:Ucommune merges with Woo Space
876:Zhen, Summer (7 August 2017) "
867:" Retrieved 18 September 2018.
819:Ellis, Jack (14 August 2018) "
780:Russell, John (16 July 2018) "
771:. Retrieved 13 September 2018.
704:. Retrieved 13 September 2018.
657:. Retrieved 13 September 2018.
636:Bloomberg News (22 May 2017) '
627:. Retrieved 12 September 2018.
619:Yang, Yuan (11 October 2017) "
594:. Retrieved 18 September 2018.
586:Ambler, Pamela (15 May 2018) "
561:. Retrieved 18 September 2018.
553:Fan, Feifei (23 August 2017) "
541:"Registration Statement DRS/A"
530:. Retrieved 18 September 2018.
510:. Retrieved 14 September 2018.
439:Teo, Angela (4 January 2018) "
374:Ucommune reported 300 million
242:
233:
1:
996:Teo, Angela (14 March 2018) "
961:. Retrieved November 3, 2018.
763:Morris, Keiko (9 July 2017) "
666:Sun, Nikki (2 January 2018) "
570:Liu, Wei (17 November 2017) "
502:Isaacson, Greg (8 May 2018) "
360:Ucommune's investors include
1009:Chen, Meiling (8 May 2017) "
914:Retrieved 13 September 2018.
884:Retrieved 13 September 2018.
852:Ucommune raises 43.5 million
754:Retrieved 13 September 2018.
683:Teo, Angela (1 March 2018) "
674:Retrieved 13 September 2018.
385:Other Ventures & Mergers
1026:Lee, Emma (26 April 2017) "
729:King, Ariana (4 May 2018) "
649:Li, Martin (24 June 2017) '
465:Russell, Jon (11.13.2018) "
406:with real estate partners.
226:Ucommune International Ltd.
83:Ucommune International Ltd.
1120:
1099:Companies based in Beijing
685:Ucommune’s expansion plans
129:; 9 years ago
1104:Coworking space providers
929:South China Morning Post.
882:South China Morning Post.
737:. Retrieved 13 Sept 2018.
987:" Retrieved Nov 3, 2018.
974:" Retrieved Nov 3, 2018.
959:South China Morning Post
906:Lu, Edith (1 June 2018)"
893:Liao, Rita (Sept 2017) "
428:South China Morning Post
309:Founding & Expansion
931:Retrieved 12 Sept 2018.
430:. Retrieved 28 Aug 2018
353:Funding & Valuation
865:UrWork company profile
337:In an interview with
52:neutral point of view
983:CNBC (14 Aug 2018) "
672:Nikkei Asian Review.
378:in revenue in 2017.
769:Wall Street Journal
735:Nikkei Asian Review
171:>100 (2018)
167:Number of locations
84:
44:promotional content
702:The Business Times
655:The Business Times
484:www.techinasia.com
292:Internet-of-Things
46:and inappropriate
223:
222:
80:
79:
72:
1111:
1075:
1074:
1072:Official website
1057:
1050:
1044:
1037:
1031:
1024:
1018:
1007:
1001:
994:
988:
981:
975:
968:
962:
951:
945:
938:
932:
921:
915:
904:
898:
891:
885:
874:
868:
861:
855:
848:
842:
841:
830:
824:
817:
811:
804:
798:
791:
785:
778:
772:
761:
755:
752:Crain's New York
744:
738:
727:
721:
714:
705:
694:
688:
681:
675:
664:
658:
647:
641:
634:
628:
617:
608:
601:
595:
584:
575:
568:
562:
551:
545:
544:
537:
531:
520:
511:
500:
494:
493:
491:
490:
476:
470:
463:
457:
450:
444:
437:
431:
420:
252:co-working space
244:
235:
219:
216:
137:
135:
130:
85:
75:
68:
64:
61:
55:
33:an advertisement
24:
23:
16:
1119:
1118:
1114:
1113:
1112:
1110:
1109:
1108:
1079:
1078:
1070:
1069:
1066:
1061:
1060:
1051:
1047:
1038:
1034:
1025:
1021:
1008:
1004:
995:
991:
982:
978:
969:
965:
952:
948:
939:
935:
922:
918:
905:
901:
892:
888:
875:
871:
862:
858:
849:
845:
832:
831:
827:
818:
814:
805:
801:
792:
788:
779:
775:
762:
758:
745:
741:
728:
724:
715:
708:
695:
691:
682:
678:
665:
661:
648:
644:
635:
631:
625:Financial Times
618:
611:
602:
598:
585:
578:
569:
565:
552:
548:
539:
538:
534:
521:
514:
501:
497:
488:
486:
478:
477:
473:
464:
460:
451:
447:
438:
434:
421:
417:
412:
387:
362:Sequoia Capital
355:
339:Forbes magazine
311:
243:Yōukè Gōngchǎng
213:
178:
168:
161:
157:
133:
131:
128:
119:Coworking space
102:
76:
65:
59:
56:
37:
25:
21:
12:
11:
5:
1117:
1115:
1107:
1106:
1101:
1096:
1091:
1081:
1080:
1077:
1076:
1065:
1064:External links
1062:
1059:
1058:
1045:
1032:
1019:
1002:
989:
976:
963:
946:
933:
916:
899:
886:
869:
856:
843:
825:
812:
799:
786:
773:
756:
739:
722:
706:
689:
676:
659:
642:
629:
609:
596:
576:
563:
546:
532:
512:
495:
471:
458:
445:
432:
414:
413:
411:
408:
386:
383:
354:
351:
310:
307:
221:
220:
211:
207:
206:
203:
199:
198:
195:
191:
190:
187:
183:
182:
179:
176:
173:
172:
169:
166:
163:
162:
159:
153:
151:
147:
146:
143:
139:
138:
125:
121:
120:
117:
113:
112:
103:
98:
95:
94:
89:
78:
77:
48:external links
28:
26:
19:
13:
10:
9:
6:
4:
3:
2:
1116:
1105:
1102:
1100:
1097:
1095:
1092:
1090:
1087:
1086:
1084:
1073:
1068:
1067:
1063:
1055:
1049:
1046:
1042:
1036:
1033:
1029:
1023:
1020:
1016:
1012:
1006:
1003:
999:
993:
990:
986:
980:
977:
973:
967:
964:
960:
956:
950:
947:
943:
937:
934:
930:
926:
920:
917:
913:
909:
903:
900:
896:
890:
887:
883:
879:
873:
870:
866:
860:
857:
853:
847:
844:
839:
835:
829:
826:
822:
816:
813:
809:
803:
800:
796:
790:
787:
783:
777:
774:
770:
766:
760:
757:
753:
749:
743:
740:
736:
732:
726:
723:
719:
713:
711:
707:
703:
699:
693:
690:
686:
680:
677:
673:
669:
663:
660:
656:
652:
646:
643:
639:
633:
630:
626:
622:
616:
614:
610:
606:
600:
597:
593:
589:
583:
581:
577:
573:
567:
564:
560:
556:
550:
547:
542:
536:
533:
529:
525:
519:
517:
513:
509:
505:
499:
496:
485:
481:
475:
472:
468:
462:
459:
455:
449:
446:
442:
436:
433:
429:
425:
419:
416:
409:
407:
405:
399:
395:
391:
384:
382:
379:
377:
372:
369:
367:
366:Ant Financial
363:
358:
352:
350:
346:
342:
340:
335:
333:
328:
325:
322:
319:
314:
308:
306:
304:
300:
295:
293:
288:
284:
282:
277:
273:
272:New York City
269:
265:
261:
257:
253:
249:
245:
239:
231:
227:
218:
212:
208:
204:
200:
196:
192:
188:
184:
181:>30 cities
180:
174:
170:
164:
156:
152:
148:
144:
140:
126:
122:
118:
114:
111:
107:
104:
101:
96:
93:
90:
86:
74:
71:
63:
53:
49:
45:
41:
35:
34:
29:This article
27:
18:
17:
1048:
1035:
1022:
1014:
1005:
992:
979:
966:
958:
949:
936:
928:
919:
912:China Daily.
911:
902:
889:
881:
872:
863:Pitchbook. "
859:
846:
837:
828:
815:
802:
789:
776:
768:
759:
751:
742:
734:
725:
701:
692:
679:
671:
662:
654:
645:
632:
624:
599:
591:
566:
558:
549:
535:
527:
507:
498:
487:. Retrieved
483:
474:
461:
448:
435:
427:
418:
400:
396:
392:
388:
380:
373:
370:
359:
356:
347:
343:
336:
329:
326:
323:
315:
312:
296:
289:
285:
241:
225:
224:
177:Areas served
150:Headquarters
88:Company type
66:
57:
42:by removing
38:Please help
30:
1015:China Daily
559:China Daily
528:China Daily
1083:Categories
838:www.ft.com
508:Mingtiandi
489:2019-03-12
410:References
205:Mao Daqing
145:Mao Daqing
40:improve it
404:alliances
268:Hong Kong
264:Singapore
100:Traded as
60:July 2020
260:Shanghai
215:ucommune
194:Services
186:Products
142:Founders
116:Industry
276:unicorn
250:-based
248:Beijing
230:Chinese
210:Website
155:Beijing
132: (
124:Founded
108::
592:Forbes
332:Taiwan
303:Mobike
281:NASDAQ
256:WeWork
240::
238:pinyin
232::
202:Owners
106:Nasdaq
92:Public
318:Vanke
160:China
376:yuan
364:and
301:and
270:and
234:优客工场
217:.com
134:2015
127:2015
623:"
299:Ofo
1085::
1013:"
957:"
927:"
910:"
880:"
836:.
767:"
750:"
733:"
709:^
700:"
670:"
653:'
612:^
590:"
579:^
557:"
526:"
515:^
506:"
482:.
426:"
368:.
305:.
266:,
262:,
236:;
158:,
110:UK
840:.
543:.
492:.
228:(
136:)
73:)
67:(
62:)
58:(
54:.
36:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.