BEIJING, Jan. 25, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced an additional
investment in Beijing Xiyu Information Technology Co., Ltd. ("Xiyu
Information"), a subsidiary of the Company and provider of SaaS
services and IOT solutions, increasing its ownership in Xiyu
Information from 51.0% to 53.2%. The Company decided to increase
its investment in Xiyu Information to meet the growing market
demand for SaaS services and IOT solutions in China.
Xiyu Information was founded on March 20,
2017. In December 2019, Xiyu
Information developed DOMES, a SaaS management platform providing
office buildings and industrial parks with SaaS services for lease
contract management, CRM promotion management, IOT intelligent
device management, as well as tenant and member operations
management. Through these SaaS services, DOMES enables property
developers and other participants along the real estate industry
value chain to enhance their property values. DOMES' clients
include several major real estate companies in China, including Beijing Jingying Menggu
Changying Industrial Park and Shanghai Dashu Shared Office.
Dr. Daqing Mao, Founder of
Ucommune, commented, "We believe that Xiyu Information's SaaS
services and IOT solutions will greatly benefit the digital
transformation in asset management and services of China's existing and gradually increasing
commercial space market. Moreover, we believe Xiyu Information will
provide our members with more value-added services and convenience
in their business operations and office management going
forward."
About Ucommune International Ltd.
Ucommune is China's leading
agile office space manager and provider. Founded in 2015, Ucommune
has created a large-scale intelligent agile office ecosystem
covering economically vibrant regions throughout China to empower its members with flexible and
cost-efficient office space solutions. Ucommune's various offline
agile office space services include self-operated models, such as U
Space, U Studio, and U Design, as well as asset-light models, such
as U Brand and U Partner. By utilizing its expertise in the real
estate and retail industries, Ucommune operates its agile office
spaces with high efficiency and engages in the urban transformation
of older and under-utilized buildings to redefine commercial real
estate in China.
Safe Harbor Statements
This press release contains forward-looking statements within
the meaning of Section 21E of the Securities Exchange Act of 1934,
as amended. These forward-looking statements are made under the
"safe harbor" provisions of the U.S. Private Securities Litigation
Reform Act of 1995. These statements can be identified by
terminology such as "will," "expects," "anticipates," "future,"
"intends," "plans," "believes," "estimates," "potential,"
"continue," "ongoing," "targets," "guidance" and similar
statements. The Company may also make written or oral
forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission (the "SEC"), in its annual
report to shareholders, in press releases and other written
materials and in oral statements made by its officers, directors or
employees to third parties. Any statements that are not historical
facts, including statements about the Company's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
factors could cause actual results to differ materially from those
contained in any forward-looking statement, including but not
limited to the following: the Company's goals and growth
strategies; its future business development, results of operations
and financial condition; relevant governmental policies and
regulations relating to the Company's business and industry and
general economic and business conditions in China and globally and assumptions underlying
or related to any of the foregoing. Further information regarding
these and other risks, uncertainties or factors is included in the
Company's filings with the SEC. All information provided in this
press release and in the attachments is as of the date of this
press release, and the Company undertakes no obligation to update
any forward-looking statement, except as required under applicable
law.
For investor and media inquiries, please contact:
Ucommune International Ltd.
ir@ucommune.com
ICR, LLC.
Sharon Zhou
ucommune@icrinc.com
+1 (212) 537-3847
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SOURCE Ucommune International Ltd.