China Co-Working Space Player Opens Singapore Office

Citi Commercial Pte Ltd

UrWork, a Chinese co-working space operator, opened its Singapore office onFriday. It offers a platform that would link Singaporean and Chinese entrepreneurs, enabling them to leverage its network in 18 cities, including New York and London.

“Our Singapore office is a starting point for entering global markets,” said Mao Daqing, founder and chairman of UrWork (Beijing) Venture Investment. It would “continue our vision of empowering collaboration and communication for cross border young entrepreneurs and promoting China’s innovation and economic transformation.”

Besides providing physical space, Dr Mao said, UrWork offers integrated services such as consultancy, local partnerships and “government relationships”. So instead of renting space for S$550 to S$700 a month, entrepreneurs can be a global member for S$150 a month. Dr Mao said that UrWork’s Internet of Things system would allow access “without anything but a mobile phone”.

Michelle how, IE Singapore group director or enterprise partnership, said “UrWOrk is into … co-working spaces, but their core value is not just space- it is the rich B2B network that resides in each of their space and its inter-connectivity.”

UrWork is backed by investment of over US$14.5 million, and has a post B-round funding valuation of US$1.3 billion.


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