China 's biggest co - working brand , Ucommune ( formerly UrWork ) , has secured $ 17.3 m in investment from ho Wutong Mergers & Acquisitions Funds , just two months after raising $ 45 m in a series C funding round . The latest cash injection gives Ucommune a market value of $ 1.4bn , while its expansion plans set it firmly against existing York - based rival companies . While the latter is planning expansion in its Chinese locations , Ucommune , which has a presence in turkey , the US and London , among other cities , is eyeing the Taiwan market , after opening bureaus in Hong ##ai and Taipei .
China's biggest co-working brand, Ucommune (formerly UrWork), has secured $17.3m in investment from Qianhai Wutong Mergers & Acquisitions Funds, just two months after raising $45m in a series C funding round. The latest cash injection gives Ucommune a market value of $1.4bn, while its expansion plans set it firmly against New York-based rival WeWork. While the latter is planning launches in eight Chinese locations, Ucommune, which has a presence in China, the US and London, among other cities, is eyeing the Taiwan market, after opening bureaus in Hong Kong and Taipei.