MyDreamPlus bags funding of $120m

MyDreamPlus, a Chinese co-working space brand, completed a $120 million round of funding earlier this week, the largest single amount a company has secured in the domestic industry to date.

The company said the series C financing will support its future growth and help consolidate its leading position in the industry.

"This round of financing will further support MyDreamPlus' expansion into the first-tier cities in which it already has operations, such as Beijing and Shanghai, as well as into new first-tier markets, including Chengdu, Hangzhou, and Xi'an," the company said in a statement.