BEIJING, June 11, 2021 /PRNewswire/ -- Ucommune
International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a
leading agile office space manager and provider in China, today announced another step forward in
its partnership with Juli Xinfang, a Chinese e-commerce platform
focused on the new house trading market and secondary property
market. Ucommune began its in-depth and long-term cooperation with
Juli Xinfang in 2017. Juli Xinfang has established offices in many
of the Company's community projects across multiple cities in
China, including Chengdu, Wuhan, Shijiazhuang, Kunming, Chongqing, Dongguan, and Ningbo.
Juli Xinfang established its offices in the Company's Kunming
Joy City Project (the "Project") in 2019. This Project is one of
the Company's flagship projects and has over 8,000 square meters of
office space, incorporating the local elements of geology and
bamboo structures into its modern architectural design. The Project
also features a unique skylight, which not only fills the Project's
office spaces with natural light, but also helps reduce its overall
energy consumption. By installing partitions, temporary reception
areas, and smart office space modules in the Project, the Company
has been able to achieve an exceptional level of space flexibility
at the Project to better serve its enterprises.
The Project is located in Kunming, the capital city of
Yunnan. Situated on China's southern border, Yunnan maintains a comprehensive
transportation system connected to both domestic cities and
neighboring countries. As the largest city in Yunnan, Kunming is an important business hub
and transportation gateway to South and Southeast Asia for China. Kunming's unique natural resources and
demographics have also increased its importance to China's Belt and Road Initiative and thus
provided the city with strong future development potential.
Meanwhile, the establishment of the China (Yunnan) Pilot Free Trade Zone in Kunming has
significantly increased the prominence of the city's overall
The success of the Project illustrates Ucommune's continued
expansion throughout southern China as well as in South and South East Asia. To date, Ucommune has set up
multiple project communities in Singapore and has thus obtained a profound
understanding of the region's local business environment and
regulations. By leveraging its expertise in Southeast Asia, Ucommune will attract more
businesses to Kunming, fuel the development of regional economics,
and attract more funds, knowledge, policy expertise, and technology
to Kunming to further advance China's Belt and Road Initiative.
Peng Chuhan, HRBP of the Kunming
branch of Juli Xinfang, commented, "It has been more than two years
since we started cooperating with Ucommune on the Project. Since
then, our team member headcount for the Project has grown by 50%
and we have realized higher levels of efficiency in our operations
and management. As our staunch supporter, Ucommune has shown us
great care and assisted us in establishing a more modern and
eco-friendly office environment to attract more quality
Mao Daqing, the founder of
Ucommune, said, "The deep experience we have accumulated over the
past 6 years has provided us with competitive advantages in
operating efficiency and agile office space management. Armed with
these insights, we have gained a better understanding of the needs
of different enterprise types and established a robust suite of
standard operating procedures that can be implemented at scale.
Going forward, we remained focused on enhancing our landlord value
proposition to strengthen our existing client relationships and
capitalize on new business opportunities."
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 announcement 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 growth strategies; its future business development,
results of operations and financial condition; its ability to
understand members' needs and provide products and services to
attract and retain members; its ability to maintain and enhance the
recognition and reputation of its brand; its ability to maintain
and improve quality control policies and measures; its ability to
establish and maintain relationships with members and business
partners; trends and competition in China's agile office space market; changes in
its revenues and certain cost or expense items; the expected growth
of China's agile office space
market; PRC 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
Ucommune International Ltd.
+1 (212) 537-3847
SOURCE Ucommune International Ltd.