China’s largest co-working office space operator Ucommune, previously known as UrWork, has raised an additional RMB110 million (US$17.4 million) from existing investor Qianhai Wutong Mergers and Acquisition Funds, an M&A fund backed by regional equity exchange Qianhai Equity Exchange. With the funding, the valuation of the start-up has reached RMB9 billion (US$1.42 billion), according to Qianhai Wutong’s announcement on its WeChat official account. The company is listed on China Money Network’s China Unicorn Ranking. Just last December, the firm raised a …

Chinese Co-working Space Ucommune Raises Additional $17M From Qianhai Wutong M&A Fund appeared first on China Money Network.