China: Sequoia-backed UrWork gets $58m from Ant Financial Unit, others

China: Sequoia-backed UrWork gets $58m from Ant Financial Unit, others

REUTERS/Petar Kujundzic

Sequoia Capital-backed UrWork, a China-based co-working space startup, has received RMB400 million ($58 million) from Tianhong Asset Management Co. Ltd, a mutual fund unit under Alibaba’s financial services firm Ant Financial, and Junfa Group, a Chinese property developer.

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