Office Sharing Firm UrWork Brings In USD176 Million in Financing
Xu Wei
DATE:  Aug 08 2017
/ SOURCE:  Yicai
Office Sharing Firm UrWork Brings In USD176 Million in Financing Office Sharing Firm UrWork Brings In USD176 Million in Financing

(Yicai Global) Aug. 8 -- UrWork said yesterday that it has finished its pre-C round financing and received USD176 million (CNY1.2 billion) in backing from Beijing Capital Land Ltd. [HK:2868], Beijing Xingpai Group, Love & Health Group and Prosperity Fund.

Beijing Capital Land is a Chinese real estate development and investment firm. It plans to form a strategic cooperation with UrWork. The advantageous resources of both parties complement one another, and the two groups intend to carry out multi-dimensional collaboration in the fields of stock assets operation innovation and industrial resource coordination.

While working with China Life Insurance Co. [NYSE:LFC] in the comprehensive health industry, Beijing Xingpai Group will seek ways to transform and upgrade the sector with UrWork to integrate operations in the new economy through equity investments.

Love & Health Group will leverage its medical resources to provide targeted health industry and new real estate resources and join office resources with UrWork.

Prosperity Fund, which was founded in 2011, specializes in diversified assets management services, including real estate investment, enterprise equity investment, portfolio investment, fund productization and investment consulting.

Established in April 2015, UrWork was the first unicorn in China's office sharing field.

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Keywords:   UrWork,Beijing Xingpai Group,Love & Health Group