Ucommune acquires Wedo in its third M&A deal this year

By Angela Teo / EdgeProp | March 28, 2018 6:00 PM SGT
Chinese co-working space operator Ucommune, formerly known as UrWork, announced its acquisition of Shenzhen-based co-working player and incubator Wedo on March 28. The deal adds 12 co-working spaces with 60,000 sq m of total area to Ucommune’s portfolio and 300 enterprises to its network of members.
This is Ucommune’s third merger and acquisition this year. The previous deals brought Chinese co-working operators Hongtai New Space and Woo Space into its fold. Ucommune says it will continue to make strategic investments and acquisitions in Southern China.
Mao Daqing speaking at Ucommune brand launch
(Credit: Ucommune)