Ucommune Stock (UK): Why The Price Went Up Today

By Amit Chowdhry ● Jan 14, 2022
  • The stock price of Ucommune International Ltd. (NASDAQ: UK) increased by 15.38% today. This is why it happened.

The stock price of Ucommune International Ltd. (NASDAQ: UK) – a leading agile office space manager and provider in China – increased by 15.38% today. Investors are responding positively to Ucommune announcing that the company has signed an agreement with Nanchang Qinghu Industrial Park Management Company to jointly develop the Nanchang Honggutan-Ucommune project. This Project is located in Nanchang, Jiangxi and has a managed area of 56,990 square meters. According to the agreement, the formal cooperation between Ucommune and Nanchang Qinghu Industrial Park Management Company commenced on December 21, 2021, and lasts until December 20, 2024.

Ucommune is going to provide managed services for Honggutan Digital Economy Industrial Park. And by utilizing cutting-edge technologies such as cloud computing, big data, blockchain, artificial intelligence, IoT, and 5G, the company will build a smart digital park with an industrial ecosystem, online infrastructure, comprehensive functionality and services, and intelligent operations system.

The digital park is comprised of both premium office spaces for mid- to large-scale digital companies and startup incubation spaces. And contained within the startup incubation areas are shared offices and meeting rooms for small- to mid-size enterprises, entrepreneur teams, and individuals.

Ucommune is going to leverage its brand value and platform resources to provide a broad range of managed services to the digital park’s tenants, including design, decoration, marketing, smart management systems, community events, and value-added services. And the company will deliver a variety of business services to the park’s tenants. These services will optimize the flow and sharing of information throughout the industry chain and include assistance in the business licensing process, accounting, taxation, and legal matters.

KEY QUOTES:

“We chose to cooperate with Ucommune to jointly develop the Project because we value Ucommune’s rich experience in providing managed services to large-scale digital parks. Ucommune’s comprehensive enterprise service system will empower our tenants and accelerate their development.”

— Xueling Qiu, General Manager of Nanchang Qinghu Industrial Park Management Company

“As the real estate industry matures, the digital park business model has pivoted from capital intensity to operations management. Ucommune is giving precedence to digital park projects and we believe that our cooperation with Nanchang Qinghu Industrial Park Management Company will add value to our partner’s assets and further grow Ucommune’s brand.”

— Dr. Daqing Mao, Founder of Ucommune

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.