Ucommune offers co-working space solutions to small-to-medium enterprises.
Ucommune, founded in April, 2015 and headquartered in Beijing, is a joint office space operator. Established by Mao Daqing, the company has received financings from Sequoia China, Zhen Fund, Sinovation Ventures and so on. Rivals that have direct and indirect competition with Ucommune globally include Wework, Regus, Kr space, etc.
The Curse of Co-working: Ucommune Pitches Different Business from WeWork
Chinese co-working prodigy Ucommune hopes to tell a new story about its business to go public. It has to be different from what WeWork touted: an unsteady model which incurred voices of doubt before the company’s near-collapse in Q4 2019.
Dec 17, 2019 04:09 PM
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WeWork and Ucommune Line up for IPO
Loss-making companies line up for IPO in the next few years. Among them, commercial real estate companies like WeWork and Ucommune are recognized as the emblem of irrational VC markets thanks to huge losses and the questionable business model.
Jul 24, 2019 07:35 PM
Sink or Swim for WeWork Labs in China?
WeWork Labs raises red flags in its single revenue stream and rapid expansion. Yet, it may have a competitive edge over Ucommune. Whether WeWork Labs sinks or swims may depend on the needs of the consumer market.
Apr 18, 2019 04:28 PM
Ucommune Receives Extra CNY 200 Million from Longxi Real Estate
Ucommune received strategic financing from a real estate company. The share workspace business is no longer as promising as it was in two years ago. Leaning on real estate might be an optimal choice for share workspace business.
Apr 05, 2019 03:31 PM
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