China’s co-working unicorn URWork CEO Mao Daqing today said at the Summit of Influence Investment in Beijing that the fast-growing startup is all prepared to expand overseas. Even though its American rival WeWork has a firm ground in the sector, Mao remains optimistic about URWork’s global expansion.

Launching its first overseas branch in Singapore this June, URWork sees great value in the market outside of China, where startups not only look to penetrate China’s market but hopes to bring in investors from the world’s second largest economy.

“The main reason for those startups that decided to settle in our co-working space is that they hope to attract investments from China through us,” said Mao, a former executive at China’s real estate conglomerate Vanke. “Even before we officially opened our branch in Los Angeles, the occupancy rate of our office space reached 60 percent.”

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Timmy Shen

Timmy Shen is a technology reporter based in Beijing. He's passionate about photography, education, food and all things tech. Send tips and feedback to timmyshen@technode.com or follow him on twitter at...