Sina US Stock News reported on August 14, Beijing time. According to Bloomberg reports,WeWork Cos's Chinese competitor Uke Factory is in talks with international investors about $200 million in Series D funding, while the company is preparing to launch an initial public offering (IPO) as early as next year.

Founder Mao DaqingIn an interview in Singapore, he said,Hong Kong is the preferred listing locationThe company has already held informal preliminary talks with local stock exchange officials. Uke Factory opened its second co-working location in Singapore on Tuesday.

At a time when tech startups are springing up, Uke Factory is competing with WeWork and local rivals including Dream Plus Space, hoping to build China's leading co-working space provider. The company announced new financing of 300 million yuan (44 million US dollars) on Tuesday, with a valuation of 1.8 billion US dollars.

Mao Daqing said that the company plans to enter the capital market to seek more financing to achieve faster expansion; the company already has a certain scale and is ranked second in the world in terms of location, number of service members, and number of cities covered.

Expanding the domestic market is a priority, and the company plans to have 300 co-working locations in China over the next two to three years. Overseas, the company plans to open a third co-working space in Singapore and Hong Kong soon, and also plans to open a new space in Bangkok.