YINTAI

On November 24, Ucommune officially listed on NASDAQ under the stock code “UK”, becoming the “first shared workspace stock”. The company’s shares closed at USD8.30, with market capitalization of USD618 million.

Figures revealed that Ucommune, China’s largest shared workspace provider, commenced operating its first shared workspace in September 2015. As at June 30, 2020, Ucommune has a presence in 47 cities including Tier 1 and new Tier 1 cities in China as well as in Singapore.

Yintai Group is also an investor of Ucommune. In recent years, Yintai Group has invested over RMB20 billion in more than 80 companies. Of these, 15 companies have become unicorns worth more than USD1 billion, and more than 10 companies have been listed. Its scope of investment includes sectors such as smart logistics, smart finance, smart retail, and new energy automobiles, such as Cainiao, Ant Group, Mybank, ByteDance, Li Auto, and Huitongda, among others. The Group aspires to help boost technological innovation and industry reform.