Ucommune International Ltd (Nasdaq: UK) is a Beijing-based agile office space manager and coworking community operator. Founded in April 2015 by real-estate veteran Mao Daqing (formerly of Vanke and CapitaLand), the company was originally known as UrWork and rebranded to Ucommune in 2018 following a trademark dispute with WeWork. Ucommune operates a hybrid portfolio that combines self-operated office formats (U Space, U Studio, U Design) with asset-light managed offerings (U Brand, U Partner) across cities in Greater China and Singapore. After scrapping a planned Nasdaq IPO in 2020, the company went public via a SPAC merger with Orisun Acquisition Corp. in November 2020 at a pro-forma enterprise value of roughly $769 million. As of 2026, Ucommune remains listed on the Nasdaq Capital Market under ticker UK but has received a minimum-bid-price deficiency notice and continues to face going-concern pressure from recurring losses.
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
101–250
Total Funding
$301.5M
5 rounds
Latest Valuation
$0.77B
November 17, 2020
Total raised $301.5M across 5 rounds
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Last updated 06-25-2026
Latest Round
Type
SPAC Merger
Date
November 17, 2020
Amount
Not disclosed
Valuation
$0.77B
Lead Investors
| Date | Round | Amount Raised | Valuation | Lead Investors |
|---|---|---|---|---|
| November 17, 2020 | SPAC Merger | Not disclosed | $0.77B | Orisun Acquisition Corp |
| November 1, 2018 | Series D | $200M | $2.6B | All-Stars Investment, Aikang Group |
| August 1, 2018 | Pre-C / Strategic | $43.5M | $1.8B | Prosperity, Road King |
Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.
Valuation indexed to 1.0× at the selected entry round. Valuation marks are estimates and may contain errors. Hover each dot to compare.
Entry · Series B
$1.0B
Jan 2017
Ucommune today
$0.8B
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
Xin Guan
CEO, COO & Chief Strategy Officer
Siyuan Wang
Chief Financial Officer
Binchao Xu
Chief Technology Officer
Zirui Wang
Chief Risk Officer
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 its planned $100M Nasdaq IPO in 2020 and instead went public via a SPAC merger with Orisun Acquisition Corp., closing November 17, 2020 at a pro-forma enterprise value of approximately $769 million. The combined entity, Ucommune International Ltd, began trading on the Nasdaq Capital Market on November 18, 2020 under the symbol UK. As of January 2026 the company received a Nasdaq minimum-bid-price deficiency notice after trading below $1.00 for 34 consecutive sessions, with a 180-day compliance window through July 7, 2026; the company also faces going-concern risk from recurring losses and a substantial accumulated deficit. It remains listed but at risk of future delisting if compliance is not regained.
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 5 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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