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UCOMMUNE ACQUIRES CO-WORKING RIVAL WOO SPACE, BOOSTING VALUATION TO $1.7B

Ucommune, the flexible office provider formerly known as UrWork, has acquired co-working rival Woo Space in the startup’s latest expansion play — boosting Ucommune’s valuation to $1.7 billion, the company announced. China’s biggest co-working space provider informed Mingtiandi that the completed acquisition of Beijing-based startup Woo Space (無界空间) boosts Ucommune’s…
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CHINA CONSTRUCTION BANK BACKS RMB 2B RENTAL HOUSING FUND

China Construction Bank, one of the mainland’s big four lenders, is teaming with rental housing management firm China Young Professionals Apartment Management Ltd (CYPA) to set up a new RMB 2 billion ($315 million) fund aimed at securing and developing new long-term residential rental projects, according to an announcement this…
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