China co-working space player opens Singapore office


URWORK, a Chinese co-working space operator, opened its Singapore office on Friday. It offers a platform that would link Singaporean and Chinese entrepreneurs, enabling them to leverage its network in 18 cities, including New York and London.

"Our Singapore office is a starting point for entering global markets," said Mao Daqing, founder and chairman of UrWork (Beijing) Venture Investment. It would "continue our vision of empowering collaboration and communication for cross border young entrepreneurs and promoting China's innovation and economic transformation".

Besides providing physical space, Dr Mao said, UrWork offers integrated services such as consultancy, local partnerships and "government relationships". So instead of renting space for S$550 to S$700 a month, entrepreneurs can be a global member for S$150 a a month. Dr Mao said that UrWork's Internet of Things system would allow access "without anything but a mobile phone".

Michelle Chow, IE Singapore group director for enterprise partnership, said: "UrWork is into co-working spaces, but their core value is not just space - it is the rich B2B network that resides in each of their space and its inter-connectivity."

Source: Business Times, 24 June 2017