Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters
Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Cutthroat competition in China’s co-working office sector will see a survival of the largest

  • The fact China’s largest home-grown provider of shared workspace, Ucommune, succeeded in winning fresh backing amid a funding crunch is yet another sign that consolidation is under way and more of the smaller players are set to fail

Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters
Ucommune acquired five of its smaller rivals last year, including the 300 million yuan acquisition of Workingdom. Photo: Reuters
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Nicholas Spiro

Nicholas Spiro

Nicholas Spiro is a partner at Lauressa Advisory, a specialist London-based real estate and macroeconomic advisory firm. He is an expert on advanced and emerging economies and a regular commentator on financial and macro-political developments.