China: UrWork, 5Lmeet get $116m from Beijing Xingpai

A guest attends the opening ceremony of WeWork Hong Kong flagship location in Hong Kong, China February 23, 2017. REUTERS/Bobby Yip

Chinese co-working space unicorns UrWork and 5Lmeet have raised $116 million in a funding round led by Chinese conglomerate Beijing Xingpai Group.

Both the firms received $58 million each from the Chinese conglomerate that is engaged in sports, real estate and investment business, according to a report from China Money Network.

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