Property developers Junfa Group and Dahong Group joined a consortium including an Ant Financial affiliate to take the working space provider's overall funding to $175m.
China-based working space provider UrWork has secured RMB400m ($58.4m) in funding from investors including property developers Junfa Group and Dahong Group, China Money Network reported yesterday.
The round also featured Tianhong Asset Management, a fund management affiliate of financial services provider Ant Financial, as well as Tianming Shuangchuang Technology and Shanghai Chuanghehui Fund. It was closed at a $1bn valuation, according to Technode.
Founded in 2015, UrWork operates a network of shared working spaces across 10 Chinese cities that spans…
