China's co-working major Ucommune said to seek $200m in financing

Ucommune in Choyang, Beijing

China’s largest coworking firm, Ucommune, is seeking to raise $200 million in financing to expand its global operations, a source told Reuters on Wednesday, in another sign of the growing market for shared office space.

RockTree Capital, the sole foreign investor in Ucommune, is seeking to raise $200 million from both Chinese and international investors to expand the coworking firm’s operations globally, a source with knowledge of the financing plans told Reuters.

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