WeWork rival Ucommune raises $200 million
China-based WeWork rival Ucommune has raised $200 million in a Series D funding round led by Hong Kong-based fund All-Stars Investment. The round also saw participation from investors including Chinese investment bank CEC Capital. Founded in 2015 by Mao Daqing, the Sequoia Capital-backed startup offers co-working space solutions to small-to-medium enterprises.