China Daily – July 11, 2017

Beijing-based shared-workspace startup UrWork, a rival of WeWork, teamed up with Serendipity Labs on Monday to announce a planned 34,000-square-foot space in the heart of Manhattan’s Financial District.

The co-branded space at One Chase Manhattan Plaza tower on 28 Liberty Street, which is owned by Chinese conglomerate Fosun International Ltd, is expected to open in October. …

UrWork’s partnership with Serendipity Labs allows both companies to expand their locations to their members in China and the US through a connected reservation system.

“By creating this alliance with UrWork, we can have access to beyond our North America network into China without moving employees and capital to there,” said John Arenas, CEO and founder of Serendipity Labs. “For UR Work, it’s also the same.”

Arenas said that while UR Work provides space and professional services to small businesses and startups, Serendipity Labs’ client base is geared toward established companies.

… “Our members who wish to do business in the US can expect an upscale, hospitality-based experience with Serendipity Labs,” UrWork CEO and founder Mao Daqing said in a press release.

Source: Ruinan Zhang, “UrWork partners on first NYC office” China Daily