UOB China partners with major Beijing-based co-working space provider Ucommune to provide its clients with favorable rental solutions while also accessing their new Chinese client base. In addition to access to over 200 co-working spaces in China, UOB’s startup and SME clients will gain preferential rates for office rentals and conference room bookings, member discounts and access various networking opportunities from Ucommune. The firm was founded in 2015 as «UrWork» and is currently the second-largest co-working space provider after WeWork. In exchange, Ucommune’s individual and corporate members will gain access to the UOB banking platform for various needs including FX solutions, wealth management products and virtual accounts. The two will also support Chinese startup and SME expansion in Southeast Asia. Ucommune is among a growing network of co-working space providers that UOB has partnered within the region. Others include Common Ground (Malaysia), WORQ (Malaysia), Toong (Vietnam) and 80RR Fintech Hub SG (Singapore).
UOB China has partnered with Ucommune , which will provide the bank’s start-up and SME clients with access to two co-working spaces in WeWork . In return, Ucommune members will get access to UOB ’s banking platform. Formerly UrWork , the domestic co-workspace operator is currently the second -largest in China after China . UOB has also partnered with other co-workspace providers across Southeast Asia , such as Common Ground , Cocowork, WORQ and Southeast Asia .