About Wujie Space
Wujie Space is a company based in Beijing (China) founded in 2015 by Randy Wan was acquired by Ucommune in March 2018.. 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. Wujie Space operates in a competitive market with competitors including WeWork, MyDreamPlus, Krypton Space, WEPLUS and Naked Hub, among others.
- Headquarter Beijing, China
- Founders Randy Wan
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Sectors
Real Estate & Construction
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Phone
*********
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Website
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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 Total Funding
- Total Rounds 2
- Last Round Series A — $14.0M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Mar, 2017 | Amount | Series A - Wujie Space | Valuation |
investors |
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| Jun, 2015 | Amount | Seed - Wujie Space | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investment firm
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Founded Year | Domain | Location | |
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Multiple sectors are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Plum Ventures is recognized as a leading early-stage investment firm in China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Wujie Space
Wujie Space has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include FourWork. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Co-working spaces and conference rooms are provided in Beijing.
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2015 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Wujie Space
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wujie Space Comparisons
Competitors of Wujie Space
Wujie Space operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as WeWork, MyDreamPlus, Krypton Space, WEPLUS and Naked Hub, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Flexible office and coworking spaces are provided by WeWork globally.
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| domain | founded_year | HQ Location |
Managed shared workspaces are provided online for entrepreneurs and freelancers.
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| domain | founded_year | HQ Location |
Provides managed co-working spaces tailored for freelancers and enterprises to enhance productivity.
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| domain | founded_year | HQ Location |
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| domain | founded_year | HQ Location |
Provider of managed co-working spaces
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Wujie Space
Frequently Asked Questions about Wujie Space
When was Wujie Space founded?
Wujie Space was founded in 2015.
Where is Wujie Space located?
Wujie Space is headquartered in Beijing, China.
Who is the current CEO of Wujie Space?
Randy Wan is the current CEO of Wujie Space. They have also founded this company.
Is Wujie Space a funded company?
Wujie Space is a funded company, having raised a total of $14M across 2 funding rounds to date.
What does Wujie Space do?
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.
Who are the top competitors of Wujie Space?
Wujie Space's top competitors include WeWork, MyDreamPlus and Naked Hub.
How many acquisitions has Wujie Space made?
Wujie Space has made 1 acquisition, including FourWork.
Who are Wujie Space's investors?
Wujie Space has 4 investors. Key investors include Ucommune, China Equity Group, Matrix Partners China, and Plum Ventures.