Chinese Co-Working Space Firm Kr Space Plans Major Hong Kong Push As It Nears Closing Of New Funding Round

Beijing-based co-working space operator Kr Space Ltd. is pushing into Hong Kong aggressively, adding three new leases of office space recently that it hopes to convert to co-working facilities. This comes as the competitor to WeWork Cos. in China is trying to close a new funding round of roughly US$300 million after raising US$200 million last month, according to people familiar with the matter.