Chinese co-working space provider Ucommune has entered into a merger agreement with New York-based acquisition company Orisun Acquisition Corp.
Episode 62 of Tech Buzz China is on co-living and co-working, two of the formerly hottest — and now possibly coldest — sectors in China tech.
The recent coronavirus outbreak dramatically increased the penetration of productivity apps on the Chinese market, which in turn will likely accelerate the digitization of local enterprises.
As Asia’s biggest office space provider Ucommune is preparing to repeat its rival’s miscarried feat, the question arises as to what it can offer that WeWork couldn’t.
On December 11, Ucommune submitted its IPO prospectus to the SEC, as the company plans a public listing on the New York Stock Exchange, under the ticker symbol “UK”.
Amidst the ongoing WeWork IPO debacle, hardly any other co-working space operator would dare to dream about a public listing.