BEIJING, March 23, 2018 /PRNewswire/ -- China's largest co-working space provider,
UrWork (Beijing) Venture
Investment Co. Ltd (known as ucommune) has announced today to enter
a strategic partnership with China's leading property developer Vanke, in a
bid to build an integrated service platform through tapping shared
resources and brand equity.
"The joint partnership with Vanke is to me a family reunion.
Being a former member of Vanke family myself, the journey with
ucommune has been closely connected with Vanke since the very
beginning," says Dr. Mao Daqing,
former senior vice president at Vanke. He said that the partnership
will see the two parties setting up joint locations in over ten
cities across China, taking
coworking and coliving to the next level. The move has come less
than two weeks after the acquisition of Woo Space which prompted
the value of ucommune to US$1.7bn.
"Ucommune has over 6000 corporate members that are fast-growing
and are leadership in their respective sectors. While their growth
posts high demand on coworking space development, resource
integration and platform infrastructure, these enterprises
themselves form the main growth drivers of the urban economy. The
strategic partnership built on mutual recognition and complementary
strengths will see ucommune going from strength to strength," says
Dr.Mao.
Liu Xiao, senior vice president
of Vanke says: "ucommune's wealth of cross-regional operation and
management experience, as well as the consummate brand-building
expertise will add tremendous value to this win-win partnership.
Both parties will be fully committed to synchronising resources,
know-how of facility management and operational capabilities to
support the growth of more and more start-ups and SMEs in
China."
Mr Liu adds also that the strong membership system and the
service platform powered by AI and Big Data technologies will
create stronger intra-member connectivity and service accuracy,
enabling maximised business networking efficiency and efficacy.
Joint partnership to revitalise facility management
This strategic partnership will see both parties collaborating
in areas such as: joint commercial leasing, investment and
operation, direct leasing, and customised interior design. Apart
from physical space sharing, both parties will reach full-scale
partnership in developing youth apartments, office buildings in
industrial parks as well as equity partnership. The partnership
will set new benchmark that the industry coerces around and
collaboratively build an integrated platform to support the mature
development of the coworking industry in China.
In recent years, coworking space sector has been growing at
year-to-year rate of 30%. It is estimated that by 2019, the total
operating area of coworking space in China will reach 51 million square meters. By
2030, 30% of office space will exist in the form of coworking
spaces. In the next five years, the development of a platform and
sharing economy will become an important part of promoting the
growth of the new economy.
Note to editors:
China Vanke Co., Ltd. (known as Vanke) is a Fortune 500 property
developer in China established in
1984. The Group centers on the three most vibrant economic circles
nationwide and hub cities in Midwest China. Positioned as
"integrated urban development service provider", Vanke upholds the
vision of "making quality housing available for the many people".
The core business of the group includes property development, urban
development and property service. In recent years, the group has
been focusing on commercial property development, logistic estate,
long-term rental estate, skiing resorts, pension and education
facilities. (www.vanke.com/en/)
For further information please contact:
Amanda Shi
|
Helena Ma
|
Executive partner,
Ucommune
|
Ucommune global PR Support
|
Tel: +86
13910633934
|
Tel: +65 97243153
|
Email:
shinan@ucommune.cn
|
Email: helena.ma@ideacommunication.co
|
Visit http://www.urwork.cn to access more information about
the facility, marketing programs, funding and mentor programs from
the company.
About UrWork (Beijing)
Venture Investment Co., Ltd:
Founded in 2015 by real-estate veteran Dr. Mao Daqing, Ucommune (formerly known as URwork)
is a leading co-working space provider in China offering long-term leasing, hot desk and
corporate-customization solutions and professional services across
a broad spectrum for small-to-medium enterprises. Backed by
renowned investors such as Sequoia Capital, Zhen Fund, Noah Wealth
Management, Sinovation Ventures, Ucommune posts a valuation of U.S.
$1.7 billion after C round and
acquisition of Woo Space, as of March
2017 and has grown to cover over 160 locations in over 36
cities globally, including but limited to Singapore, New
York, Los Angeles,
Beijing, Taiwan, Hongkong, Shanghai, servicing over 6,000 enterprises,
120,000 individual members in total. Ucommune is the largest and
most recognised co-working space brand in China.