Equity Analyst, LightStream Research

Oshadhi Kumarasiri

An equity research analyst with over 7 years of experience in multiple sectors. Previously worked for one of the world's largest asset managers with about USD2.5trn in AUM, covering small and micro-cap companies in the consumer sphere across Europe and developed Asia. Also experienced in covering multiple industries including banking, insurance and asset management, retail, tech, telco and REIT.

Equity Analyst

Ucommune Group IPO: WeWork’s Chinese Counterpart Another Disaster Waiting to Happen

Long-Short Analysis on Japan, Asia and the World

LightStream Research

LightStream conducts quantitatively rigorous and data-driven analysis with a focus on Japan and Asia.

We consistently cover the Tech, Consumer and Industrial sectors, and provide ECM and Events coverage more broadly.

We supplement traditional qualitative insights from company relationships with a robust quantitative foundation that examines as much historical data as is available.
We further refine the accuracy of our insights and calls through the use of alternative data to flesh out current trends, and through a valuation framework that emphasises non-superficial peer group selection and a proper attempt to understand the metrics and changes that have driven security valuations in the past.

Equity Capital Markets

Ucommune Group Holdings Ltd / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/ucommune-group-holdings-ltd" target="_blank" data-smartkarma-citation="entities:775:1" rel="noopener">Ucommune Group (UK US)</a>, previously known as UrWork, is the Chinese counterpart of the infamous coworking space operator <a href="https://www.smartkarma.com/entities/we-co" target="_blank" data-smartkarma-citation="entities:28061:1" rel="noopener">The We Company (WeWork) (WE US)</a>. Ucommune filed for an IPO in the US in December 2019 to raise around $100m.In part one of our analysis, we looked at the Chinese co-working space industry and Ucommune’s share and business model and its difference from WeWork. Please use the link below to access our previous insight:<a href="https://www.smartkarma.com/insights/ucommune-group-ipo-wework-s-chinese-counterpart-another-disaster-waiting-to-happen" target="_blank" rel="noopener">Ucommune Group IPO: WeWork’s Chinese Counterpart Another Disaster Waiting to Happen</a>This is part two of a series of insights on the Ucommune IPO. In this insight, we analyse Ucommune’s different segments and the overall profitability of the business, to assess its sustainability over the medium to long term.

Ucommune Group (UK US), previously known as UrWork, is the Chinese counterpart of the infamous coworking space operator The We Company (WeWork) (WE US). Ucommune filed for an IPO in the US in December 2019 to raise around $100m.In part one of our analysis, we looked at the Chinese co-working space industry and Ucommune’s share and business model and its difference from WeWork. Please use the link below to access our previous insight:Ucommune Group IPO: WeWork’s Chinese Counterpart Another Disaster Waiting to HappenThis is part two of a series of insights on the Ucommune IPO. In this insight, we analyse Ucommune’s different segments and the overall profitability of the business, to assess its sustainability over the medium to long term.

Ucommune Group, WeWork’s Chinese Counterpart: Profitability Is a Distant Dream