China's PE-backed Ucommune acquires domestic rival
Chinese PE-backed co-working space provider Ucommune, formerly known as UrWork, has acquired domestic industry peer Woo Space.
The purchase price of Woo Space was not disclosed, but in a statement Ucommune said the valuation of the combined company is $1.7 billion. Following the merger the teams will focus on platform upgrades,...
More on Greater China
Latest News
China's MSA Capital backs Saudi B2B start-up
China’s MSA Capital has joined a $30.5 million round for Saudi Arabian B2B services marketplace Sary as part of a deepening Asia-Middle East agenda.
5Y, Sequoia back China app-building platform
Huoban.com, a Chinese zero-code application building platform has raised $17 million in Series B funding led by 5Y Capital and Sequoia Capital China. Challenjers Capital also took part in the round.
Apollo offers $3.1b for Australia sports betting business
Apollo Management has submitted a A$4 billion ($3.1 billion) bid for the wagering and media and gaming services businesses of Tabcorp Holdings, Australia’s largest gambling company.
Yale's David Swensen dies aged 67
David Swensen, head of the Yale University endowment who pioneered a new approach to institutional investment management, has died aged 67 following a long battle with cancer.