Chinese WeWork Rival Seeks New Funding Round to Expand

Kr Space Ltd., the provider of co-working spaces that competes with WeWork Cos. in China, is seeking to raise at least $200 million in a new funding round, people with knowledge of the matter said.

The Beijing-based startup would use fresh funds to support further expansion, according to the people. It aims to achieve a post-money valuation of about $1.3 billion, one of the people said, asking not to be identified because the information is private.