China’s coworking space provider Ucommune announced on Nov. 14 that it will close a $200 million Series D round of funding three months after its previous one, making it the largest single round financing for the unicorn.
Ucommune, previously UrWork, the only Chinese unicorn in the co-working space, announced on August 14 that the company received a new round of funding from RK Properties and Jingrong Holdings, raising 300 million yuan ($45 million) at a post-money valuation of $ 1.8 billion.
On March 9, office-sharing enterprises UCOMMUNE and Woo Space announced a merger. This merger is an important strategic step for UCOMMUNE after its previous merger with Hongtai Space two months ago. Now UCOMMUNE is valued at nearly $1.7 billion (11 billion yuan).
Ucommune announced it has fully acquired Hontai in what is the largest acquisition the office sharing industry. Ucommune is valued at nearly 9 billion yuan.