Chinese Co-Working Space Firm UrWork Raises $29M From Aikang Group

China's largest co-working space operator UrWork has completed a RMB200 million (US$29 million) investment round from Beijing Aikang Group, a Chinese conglomerate in the healthcare, real estate and investment businesses.

Beijing Aikang Group is not to be confused with iKang Healthcare Group Inc., which is a NASDAQ-listed company focused on the private preventive healthcare business in China.

UrWork, valued at US$1.3 billion on China Money Network's China Unicorn Ranking, plans to cooperate with Aikang Group to create healthcare-focused co-working spaces to support start-ups in the sector.

Founded in 2015, UrWork currently operates over 100 locations in 24 cities globally, including Beijing, Shanghai, Guangzhou, New York and London. The company plans to expand to ...

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