Ucommune International Ltd (Nasdaq: UK) is a Beijing-based agile office and coworking operator, founded in April 2015 by Vanke veteran Mao Daqing as UrWork and renamed in 2018 after a WeWork trademark dispute. It combines self-operated formats (U Space, U Studio, U Design) with asset-light managed offerings (U Brand, U Partner) across Greater China and Singapore. Listed through a November 2020 SPAC merger with Orisun Acquisition Corp., it completed a 1-for-10 reverse share split in April 2026 to address Nasdaq bid-price compliance and in May 2026 launched a compute-infrastructure line leasing GPU servers. Recurring losses leave substantial going-concern doubt.
Ucommune is publicly traded
This company is no longer available on our private secondary market. Shares can be traded publicly under its listed ticker.
Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Founded
2015
Employees
11–50
Total Funding
$301.5M
7 rounds
Last Private Valuation
$0.77B
Nov 17, 2020
Raised $1.5M via 150 Series A Convertible Preferred Shares at $10,000 each in a private placement with an institutional investor.
Small dilutive preferred raise; going-concern pressure, limited liquidity upside
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Total raised $301.5M across 7 rounds
Last updated 10-01-2026
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| Nov 17, 2020 | SPAC Merger | Not disclosed | $0.77B | Orisun Acquisition Corp |
| Nov 13, 2018 | Series D TechCrunch | $200M | $3B | All-Stars Investment |
| Aug 1, 2018 | Pre-C / Strategic | $43.5M | $1.8B | Prosperity Holdings, Road King Infrastructure |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Entry · Series B
$1.0B
Jan 2017
Ucommune today
$769M
Nov 2020 · latest mark
Ucommune multiple
0.8x
valuation uplift since first round
Y-axis is logarithmic. Hollow dots = estimated valuations. Does not represent realized investor returns.
Daqing Mao
Founder & Chairman of the Board
Zirui Wang
Chief Executive Officer & Chief Risk Officer
Xiaodong Li
Chief Operating Officer
Wei Hu
Director & Financial Reporting Director
Competitor list is illustrative and may be incomplete, stale, or erroneous.
WeWork
US-based global flexible-workspace operator; emerged from Chapter 11 in 2024 and remains the largest coworking brand worldwide, including operations in China via WeWork China.
IWG (Regus / Spaces)
London-listed International Workplace Group operating Regus, Spaces and HQ flexible-office brands across China and globally.
Naked Hub
Shanghai-based coworking operator acquired by WeWork in 2018; historically one of Ucommune's main regional rivals before consolidation.
MyDreamPlus (Mengxiang Jiayuan)
Beijing-based coworking platform backed by Tencent that competed with Ucommune in the China flex-office market.
Kr Space
China-based coworking operator spun out of 36Kr that competed across major mainland tier-1 cities.
JustCo
Singapore-headquartered premium flexible-workspace operator active across Asia-Pacific.
Ucommune withdrew a planned $100 million Nasdaq IPO in 2020 and went public instead through a SPAC merger with Orisun Acquisition Corp., which closed on November 17, 2020 at a pro-forma enterprise value of about $769 million; the combined company, Ucommune International Ltd, began trading on the Nasdaq Capital Market on November 18, 2020 under the symbol UK. Nasdaq notified the company on January 7, 2026 that it no longer met the $1.00 minimum bid price requirement and gave it a 180-day cure period to July 7, 2026. Shareholders approved a multi-stage reverse-split framework on February 9, 2026, the board set a 1-for-10 ratio on March 25, 2026, and the split took effect on April 29, 2026, with split-adjusted trading from April 30, 2026 and shares outstanding cut from about 6.78 million to about 678,000. No company filing through September 15, 2026 announces either regained compliance or a Nasdaq delisting determination. The FY2025 annual report discloses an accumulated deficit of RMB4,639.3 million, about $663 million, and substantial doubt about the company's ability to continue as a going concern.
Ucommune shares can be purchased through any standard brokerage account — including Fidelity, Charles Schwab, TD Ameritrade, and online platforms like Robinhood or E*TRADE. Search for the ticker to place an order.
Ucommune had a valuation of approximately $0.77B at the time of its public offering. Current market capitalization fluctuates with the share price.
Ucommune raised $301.5M across 7 disclosed funding rounds prior to its public listing.
Ucommune was founded by Daqing Mao in 2015.
Ucommune is headquartered in Beijing, China.
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