Editor’s note: This post originally appeared on TechNode, an editorial partner of TechCrunch based in China.
URWork, a billion-dollar-valued co-working in China, announced today that it has closed a RMB 200 million ($30 million) investment from Beijing’s Aikang Group. The deal is a strategic one that both sides said will grow the selection of services for URWork customers and help unlock additional revenue.
With over 20 years of investing in healthcare, finance, hospitality and real estate, the Aikang Group said it will bring resources from traditional sectors to help build a “highly innovative and specialized service-oriented co-working experience” that will go into effect in the first half of 2018.
The new investment adds to URWork’s six rounds of funding, which total RMB 1.2 billion ($175 million) and one merger since its launch in April 2015.
According to founder Mao Daqing, a former executive at Chinese real estate conglomerate Vanke, URWork’s annual revenue is at around…