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Rival to WeWork China raises $120 million

MyDreamPlus, a rival to WeWork China, has more than 20 co-working spaces that are mainly located in big Chinese cities like Beijing and Chengdu, and markets themselves as having everything an entrepreneur needs to grow their business.

Airbnb and VIPKID are among the more than 300 companies that have joined the co-working space in some capacity.

The Series C funding round, announced August 13, was led by Hillhouse Capital Group and General Atlantic, and participated in by Ocean Link, M31 Capital, K2VC, and Joy Capital.

In 2016, MyDreamPlus released their “Office as a Service” system (OaaS) that is comprised of connected products that are spread across the office environments, allowing users to connect to all the available services in the space — conference room booking, printing, space access … etc — using one platform.

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“The system upgrades the office from a single physical space to a composite service,” reads the company website.

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