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BEIJING, May 06, 2021 /PRNewswire/ Ucommune International Ltd. (NASDAQ: UK) ( Ucommune or the Company ), a leading agile office space manager and provider in China, today announced that it has leveraged its asset-light model to increase the occupancy rate of its Wuhan Lingjiaohu Yihao project (the Project ) to 86.59% in just 5 months, with more than 40 companies moving into the Project s office spaces since its initial opening.
Jointly operated by Ucommune and Yuzhou Group (HKSE: 01628), the Project is located in Yuyueli, which is at the core of Hanjiang area in Wuhan, the largest city in Hubei Province and the most populous city in Central China. With 4,860m² of office space and capacity for nearly 800 professionals, the Project s premium working spaces and services have been highly attractive to those companies affected by the pandemic. Project tenants currently comprise more than 20 companies in the technology and Internet ind
BEIJING, April 26, 2021 /PRNewswire/ Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today announced that it is the provider of office space to New Oriental Education & Technology Group Inc. ("New Oriental") for its offline education program established earlier this year at the Company's Jinan News.
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BEIJING, April 15, 2021 /PRNewswire/ Ucommune International Ltd. (NASDAQ: UK) ( Ucommune or the Company ), a leading agile office space manager and provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020.
Fourth Quarter 20
Financial Highlights
Net revenues were RMB278.7 million, representing an increase of 39.4% from the third quarter of 2020 and a decrease of 4.8% from the fourth quarter of 2019.
Net loss was RMB149.1 million, narrowing by 11.9% from the third quarter of 2020 and by 36.8% from the fourth quarter of 2019.
Adjusted net income was RMB62.8 million, compared with an adjusted net loss (non-GAAP) of RMB122.8 million in the third quarter of 2020 and an adjusted net loss (non-GAAP) of RMB194.6 million in the fourth quarter of 2019. For a reconciliation of net loss to adjusted net income, see the Non-GAAP Financial Measures section and the table cap
Press release content from PR Newswire. The AP news staff was not involved in its creation.
Ucommune Announces Key Contract Renewal for Its Corporate Office Space Brokerage Services
March 10, 2021 GMT
BEIJING, March 10, 2021 /PRNewswire/ Ucommune International Ltd. (NASDAQ: UK) (“Ucommune” or the “Company”), a leading agile office space manager and provider in China, today announced that its wholly owned subsidiary, Beijing Zerone Management & Consulting Company Ltd. (“Zerone”), an office space management services provider in China, has renewed the key contract with Zhongwang Group (“Zhongwang Group”) for the provision of corporate office space brokerage services. As part of Ucommune’s strategy, Zerone is set to complement its business transformation towards an asset-light model.
/PRNewswire/ Ucommune International Ltd. (NASDAQ: UK) ("Ucommune" or the "Company"), a leading agile office space manager and provider in China, today.