Kr Space

Kongjian operates flexible office services in China, offering tailored solutions for small and large businesses across their office lifecycle.

Mainland co-working startup **Kr Space** abandons its **Times Square, Hong Kong** office, marking its complete withdrawal from the city after failing to establish a presence there. The move follows earlier struggles in securing market traction in Hong Kong’s competitive flexible workspace sector. The company now exits its sole Hong Kong location, ending its brief expansion attempt.

Nov 2019MingtiandiNews article

Kr Space secures **RMB 1 billion** in a funding round co-led by **IDG Capital, Gopher Asset Management, and Hubei Yixing Capital**. The capital injection supports the company’s expansion in flexible office spaces, reinforcing its position in China’s evolving real estate sector. The round highlights growing investor confidence in hybrid work infrastructure.

May 2019MingtiandiNews article

Kr Space secures **$145 million** in new funding from investors including **IDG Capital, Gopher Asset, and Yixing Capital**. The co-working spinoff from **36Kr** expands its financial backing to support growth in its shared workspace and community offerings.

May 2019Global VenturingNews article

Kr Space is shutting down six co-working centers totaling 30,000 square meters due to financial difficulties. The move follows reports of a cash crunch affecting the mainland co-working operator. The closures impact multiple locations across its network.

Feb 2019MingtiandiNews article