(Yicai Global) Feb. 1 -- YunSpace, a short term commercial space sharing platform, has raised nearly CNY100 million (USD15 million) in Series-B financing.  It will use new funds for offline space development, operation, and content creation, news site Lieyunwang.com reported.

This round of financing was jointly invested by CapHill and Fang Fund Partners. YunSpace, an affiliate of Shanghai Xingqi Internet Technology Co., is the first short-term commercial space sharing platform in China, which provides comprehensive solutions from activity space to activity content. Following this round of financing, YunSpace will continue to explore innovative business models across space, scenarios and contents with the intention to derive new ways of value realization and consumption, it said.

YunSpace combines commercial real estate with the internet to integrate urban space resources by using sharing economy model, and provides non-standard venues for brands and event organizers, especially show fields and exhibition halls, commercial plazas, art galleries, cultural blocks, cruise terminals and stadiums. 

With a turnover of nearly CNY400 million in 2017 and more than 50,000 online sites, it covers 15 different types of space across the country. Platform users range from sports events and e-Sports to automotive, apparel retail, art and music. Last year, it started to make arrangements for original scene contents and introduced eight major scenic spots for Flash Mob, e-Sports, arts, music and markets.