The co-working boom is in full swing in China. Again, the country’s tech history is repeating itself as capitalists are ready to dive in for supporting players, big and small, to buy into market shares.

MyDreamPlus, a co-working space operator that runs 16 locations in Beijing, just closed US$20 million B round led by Joy Capital to fuel nationwide expansion. The company has already secured a US$ 5 million series A at the end of 2015.

“Our OaaS (office-as-a-service) product has reached a point where we can take advantage and scale our space with it. The series B funding will be used in space expansion as well as to improve the office working experience. We also plan to spend money on talent and team building,” founder and managing director Bill Li said to TechNode.

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Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.