# Beijing Hezuo Gongchuang Office Services Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/beijing-hezuo-gongchuang-office-services-co

- Industry: Commercial Property
- Headquarters: Beijing, China
- Website: www.wujiespace.com
- Total disclosed funding: $15M
- Latest round: Series A (Mar 21, 2017)
- Investors on record: 4

## About

Beijing Hezuo Gongchuang Office Services Co., Ltd. provides a digital platform for video content, focusing on live streaming and on-demand services tailored to adult audiences.Founded in 2015, Beijing Hezuo Gongchuang Office Services Co., Ltd. is headquartered in Beijing, China. The company specializes in video streaming applications and has engaged in five deals to date. Its most recent funding round was a Series A, where the company raised USD 14.00 mn led by ChinaEquity Group. The CEO and Founder, Liushuo Wan, has guided the company through its developmental phases, including its acquisition by Ucommune International Ltd. in March 2018.The company delivers a digital platform that grants users access to a wide array of video content, primarily emphasizing live streaming and on-demand services in the adult entertainment sector. Its flagship product is a video streaming application designed to enhance the user experience with features that allow real-time interaction and personalized viewing options, catering to diverse adult audiences across various countries.Revenue is generated mainly through subscription services, offering users premium access to exclusive content. The platform operates on a direct-to-consumer model, providing monthly or yearly subscription plans with tiered pricing that allows users to choose from basic to more extensive plans. This structure promotes recurring revenue and customer retention through regular content updates and the flagship service featuring exclusive live streaming events and curated video collections.The company aims to leverage the recent Series A funding of USD 14.00 mn to expand its product offerings and enhance platform capabilities. Plans include launching new features for the video streaming application to improve user engagement and exploring entry into new markets by the end of 2023, targeting regions in Southeast Asia where adult content is legally acceptable. The recent acquisition by Ucommune International Ltd. may also open pathways for further market expansion.

## Funding rounds

- Series A, Mar 21, 2017, $14M — ChinaEquity Group, MPC
- Angel, May 22, 2015, $0.7M — Plum Ventures, Cyanhill Capital, MPC

## Investors

- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Angel
- Cyanhill Capital (https://capitalatlas.ai/funds/cyanhill-capital) — Angel
- MPC — Angel, Series A
- ChinaEquity Group (https://capitalatlas.ai/funds/chinaequity-group) — Series A