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Ucommune Launches New Shared Workspaces in Xi'an, Ningbo

Belinda Zhou 2019-07-28 20:05 PM

Ucommune, which develops collaborative working spaces, has added two locations in the Chinese cities of Xi’an and Ningbo.

The Xi'an community of Ucommune is set up in Xi'an Yanliang Aviation Base, the first national-level aviation high-tech park in China. The only aviation city in China integrates aircraft design research, manufacturing, flight test and scientific research. 

The second shared working space of Ucommune is conveniently located in the downtown of Ningbo in Hengtai Building.

Ucommune is reportedly planning to raise between $100 million and $200 million in its initial public offering in New York next year, according to various media.

Similar to the American shared workspace platform WeWork, Ucommune provides services in office space expansion, management of standard workspace operations, membership networks, and internal community innovation, aiming to achieve its goal of "serving millions of enterprises and represent a better life of future cities." The company recently celebrated its four-year anniversary.

Ucommune seeks to set up its new shared workspaces in cities' central business districts, specifically targeting landmark office buildings. Among its locations are Singapore, Qingdao and Ningbo. Overall, the Beijing-based company said its network now covers 40 cities, connecting 1,105 businesses including Alibaba Cloud. 

The company was established by Chinese real estate mogul Daqing Mao. He is the grandson of Ziyao Mao, the architect who helped design Beijing's Great Hall of the People.