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Business trends

Chinese unicorn in shared office sector eyes regional growth

Ucommune rolls out new operations in Hong Kong, Taipei, Singapore

China's largest co-working space provider Ucommune is expanding beyond mainland China, led by Mao Daqing, CEO and founder.

HONG KONG -- China's largest co-working space provider Ucommune, formally known as UrWork, will move into Hong Kong and Taiwan's prime commercial districts by April to challenge U.S.-based WeWork's dominance in the global market.

The Beijing-based company pledged to step up its international expansion after successfully raising $45 million at the latest C-round of funding at the end of December, pushing up its market value to $1.3 billion.

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