(Bloomberg) -- Kr Space Ltd., the provider of co-working spaces that competes with WeWork Cos. in China, is seeking to raise at least $200 million in a new funding round, people with knowledge of t...
Chinese co-working office start-up Kr Space is understood to be planning to raise at least $200m in a new funding round, hoping to achieve a valuation of about $1.3bn. It plans to use the funds to support further expansion and is also reportedly considering the option of merging with a rival. Kr Space currently has 40 office locations and rents desks and offices to more than 2,000 corporate and 20,000 individual members.