SINGAPORE, March 1, 2018 /PRNewswire/ -- UrWork (Beijing) Venture Investment Co. Ltd (known as ucommune) announced full leasing of co-working space at Suntec City Tower II, positioned as the regional Financial technology (Fintech) hub.
Just two months after announcing the opening of the second space in Singapore, the 13,800 sq. f space at 9 Temasek Boulevard, Suntec City Commercial Tower II, has been fully leased out to blockchain consultancy firm Talenta Pte Ltd, PR and communication firm IDEA communication Pte Ltd and Oil&Gas Consultancy Spemocean Pte Ltd. The announcements comes one month before its official opening date.
"Ucommune has been at the forefront of technological advancement. Fintech is disrupting the traditional banking sector to be redefine the infrastructure of value-distribution and provides the fundamental support to the upgrading of financial institutions. Ucommune is actively seeking partnership with accredited partners in Singapore and the region at large to expand our footprint beyond our current space at Aye Rajah crescent." said Dr.Mao Daqing, Founder and Chairman of ucommune.
"We chose Suntec to be the headquarter for our partners and us because of its strategic location and its reputation for being the epic-center of technological innovations. As elite product line of ucommune, Suntec City working space's smart interior design, tech ambience, integration of technologies such as AI and IoT provide ample room for fintech community engagement and business growth," said Edward Du, Co-founder and Chief Executive Officer of Talenta.
Singapore has emerged as a global hub of fintech in recent years thanks to its open policy and forward-oriented economic outlook. The Singapore government have empowered fintech projects with funding support and favorable regulations. In the coming years, the role of technology will play an even bigger role in financial services, with financial institutions increasingly investing in digital transformation. Fintech has gained popularity, disrupting or replacing conventional banking mechanisms used, which in turn has fuelled rapid growth and investment in Fintech. Investment in Fintech in Singapore hits S$83.3 million in the second quarter of 2017, according to KPMG.
As the base of ucommune's regional fintech hub, the ucommune Suntec City co-working space will be a showcase for Asia and the center of global innovation. Ucommune will be partnering with leading fintech companies as they continue to expand the footprints in the region.
For further information please contact:
| Helena Ma |
| Ucommune global PR Support |
| Tel: +65 97243153 |
Visit http://www.ucommune.cn to access more information about the facility, marketing programs, funding and mentor programs from the company.
About UrWork (Beijing) Venture Investment Co., Ltd:
Founded in 2015 by real-estate veteran Dr. Mao Daqing, Ucommune (formerly known as URwork) is a leading co-working space provider in China offering long-term leasing, hot desk and corporate-customization solutions and professional services across a broad spectrum for small-to-medium enterprises. Backed by renowned investors such as Sequoia Capital, Zhen Fund, Noah Wealth Management, Sinovation Ventures, Ucommune posts a valuation of U.S. $1.4 billion after C round and acquisition of New Space, as of January 2017 and has grown to cover over 120 locations in over 35 cities globally, including but limited to Singapore, New York, Los Angeles, Beijing, Taiwan, Hong Kong, Shanghai, servicing over 5,000 enterprises, 120,000 individual members in total. Ucommune is the largest and most recognised co-working space brand in China.
