About Wujie Space
Wujie Space is a Real Estate & Construction company based in Beijing (China) founded in 2015 by Randy Wan, and was acquired by Ucommune in March 2018. Co-working spaces and conference rooms are provided in Chinese cities. Wujie Space has raised $14 million across 2 funding rounds from investors including Ucommune, China Equity Group and Matrix Partners China. Wujie Space has completed 1 acquisition, including FourWork. Its chief executive, as recorded, is Randy Wan. The company was acqui-hired. Its focus areas include Real Estate and Construction Tech, Commercial Real Estate Tech, CoWorking and Managed. Its competitors include MyDreamPlus, Krypton Space and WEPLUS; 3 of its 3 listed competitors have raised funding.
Company details
Wujie Space was founded in 2015 in Beijing as a co-working space provider in China. The acquisition of Fourwork resulted in 13 offices across Beijing, Tianjin, and Shanghai, where 5,000 desks are supplied to over 200 companies. W Studio was introduced to deliver conference room services for startups. A strategic partnership with UrWork was established in March 2016 to support marketing, operations, and resource sharing.
- Headquarters Beijing, China
- Founders Randy Wan
- Stage Acquired
- SectorsReal Estate & Construction
- Website wujiespace.com
- Acquired by Ucommune (Mar 2018)
Funding Insights of Wujie Space
Wujie Space has successfully raised a total of $14M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $14 million completed in March 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $14M
- Total Rounds 2
- Last Round Series A — $14M
- Investors Count 3
All 2 funding rounds of Wujie Space with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2017 | $14M | Series A | – | – | |
| Jun 2015 | Seed | – | – |
4 investors in total: 4 institutional.
Investors in Wujie Space
Wujie Space has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Ucommune, China Equity Group and Matrix Partners China.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity investment firm | chinaequity.net | Chaoyang, China | ||
Multiple sectors are invested in by this venture capital firm. | matrixpartners.com.cn | Chaoyang, China | ||
Plum Ventures is recognized as a leading early-stage investment firm in China. | plumventures.cn | Changzhou, China | ||
Community-oriented co-working spaces are operated in China. | 2015 | ucommune.com | Beijing, China |
Investor details for Wujie Space
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People of Wujie Space
1 people are tracked at Wujie Space (1 in leadership).
| Name | Role | Group |
|---|---|---|
Randy Wan | Founder & CEO | Leadership |
Complete people profiles for Wujie Space
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Investments & Acquisitions by Wujie Space
Wujie Space has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FourWork.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Co-working spaces and conference rooms are provided in Beijing. | fourwork.cn | Beijing, China | 2015 | Mar 2017 | •••• |
Complete acquisition details for Wujie Space
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Timeline of Wujie Space
Competitors of Wujie Space
Wujie Space has 3 listed competitors in our database, 3 of them funded. They include MyDreamPlus, Krypton Space and WEPLUS.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mydreamplus.com | 2015 | Beijing, China | $194M | Managed shared workspaces are provided online for entrepreneurs and freelancers. | ||
| krspace.cn | 2014 | Beijing, China | $283.11M | Provides managed co-working spaces tailored for freelancers and enterprises to enhance productivity. | ||
| weplus.com | 2016 | Shanghai, China | $11.76M |
Detailed competitors of Wujie Space
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Frequently Asked Questions about Wujie Space
Wujie Space was founded in 2015.
Wujie Space is headquartered in Beijing, China.
Randy Wan is the CEO of Wujie Space, as recorded in our data. They have also founded this company.
Wujie Space is a funded company, having raised a total of $14M across 2 funding rounds to date.
Wujie Space was founded in 2015 in Beijing as a co-working space provider in China. The acquisition of Fourwork resulted in 13 offices across Beijing, Tianjin, and Shanghai, where 5,000 desks are supplied to over 200 companies. W Studio was introduced to deliver conference room services for startups. A strategic partnership with UrWork was established in March 2016 to support marketing, operations, and resource sharing.
Wujie Space's top competitors include MyDreamPlus, Krypton Space and WEPLUS.
Wujie Space has made 1 acquisition, including FourWork.
Wujie Space has 4 investors. Key investors include Ucommune, China Equity Group, Matrix Partners China, and Plum Ventures.
Yes. Wujie Space was acquired by Ucommune in March 2018.