Breaking Spacesforce covers ~1.2M sq ft of managed space across China Founded 2018 in Chengdu, Sichuan SaaS + IoT platform for commercial real estate Clients include Longfor · Shimao · Zhongtian · Santai CEO Donglai Du named to Forbes China 30 Under 30 Reported valuation near ¥100M after angel round
Spacesforce logo
SPACESFORCE / 空间原力
Chengdu · est. 2018
Proptech · Commercial Real Estate · SaaS

Spacesforce空间原力

The Chengdu startup turning square footage into software - a cloud platform that lets landlords run their buildings on data instead of spreadsheets.

Founded2018
HQChengdu, CN
ModelB2B SaaS
Team~11
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A quiet operating system for China's office towers

In most commercial buildings, the three teams that matter least often talk to each other. Leasing chases tenants. Project managers handle fit-outs and repairs. Asset managers try to make the numbers work. Each keeps its own records, usually in spreadsheets, and the gaps between them are where money leaks out. Spacesforce - known in Chinese as 空间原力, roughly "the Force of Space" - was built to close those gaps.

Founded in Chengdu in 2018, Spacesforce is a SaaS and IoT company for commercial real estate. Its platform connects leasing operations, project management and asset management into a single cloud system, so that a person responsible for a portfolio can see occupancy, tenants, contracts and building performance without walking every floor. The pitch to traditional developers is not revolution. It is digital transformation, delivered as fewer manual reports and a clearer view of what a building is actually doing.

The company operates under Chengdu Tianfu Hetao Network Technology Co., Ltd. and has covered roughly 1.2 million square feet of space across cities including Chengdu, Beijing, Suzhou and Guiyang, serving technology campuses, office buildings and coworking brands.

The platform aims to help traditional real estate developers achieve digital transformation - connecting leasing, project management and asset management on one cloud.

— Company description, via 36Kr
1.2M
Sq Ft Covered
2018
Founded
¥100M
Reported Valuation
4+
Named Developers

One platform, three layers that finally agree

Spacesforce's value is less in any single feature and more in the connective tissue. It sits underneath the workflows a property team already runs and ties them together, then adds an IoT layer for smart, connected space on top.

LAYER 01

Leasing

Tenants, contracts, occupancy and renewals tracked in one place.

LAYER 02

Projects

Fit-outs, maintenance and building operations coordinated digitally.

LAYER 03

Assets

Portfolio performance and asset management, full lifecycle.

◈ Unified cloud + IoT layer → data-driven asset management, minus the manual grind

What you can actually do with it

Core SaaS

Operations Platform

A cloud system unifying leasing, project and asset management for landlords and office-building operators.

Asset Intelligence

Digital Asset Management

Full-lifecycle tracking of occupancy, tenants, contracts and building performance across a portfolio.

Connected Space

IoT Building Layer

Smart-building capabilities for tech campuses, offices and coworking spaces, tying physical space to software.

Pennies per square meter, multiplied by scale

Spacesforce sells B2B software subscriptions priced by managed floor area - reported at roughly 0.24 to 0.5 yuan per square meter, per month, billed annually. Revenue scales with space rather than seats, which lines the company up with the size of the buildings it serves. The illustrative chart below shows how a fixed rate turns floor area into recurring revenue.

Recurring revenue scales with managed area

Illustrative · monthly fee at ~¥0.35 / sq m across sample portfolio sizes
10k sq m
≈ ¥3.5k/mo
50k sq m
≈ ¥17.5k/mo
100k sq m
≈ ¥35k/mo
200k sq m
≈ ¥70k/mo

Figures are illustrative, derived from publicly reported per-square-meter pricing - not official revenue disclosures.

Landlords, operators and coworking brands

Spacesforce's customers are concentrated in first-tier and new first-tier Chinese cities - commercial real estate holders and operators that manage office space at scale. Named clients span major developers and holding companies.

Longfor Properties (Chengdu) Shimao Properties (Chengdu) Zhongtian Properties (Guiyang) Santai Holdings (Chengdu) Technology campuses Office buildings Coworking brands

Finance and property, trained abroad, built at home

Co-Founder & CEO

Donglai Du

Master's in Real Estate Development from Columbia University; former Vanke Group investment executive. Named to Forbes China 30 Under 30.

Co-Founder

Mike Zhang

NYU dual degree in Economics and Psychology; previously at JP Morgan and Ralph Lauren before returning to build in Chengdu.

The Stack

Engineering

Built on Node.js and React Native with Nginx and cloud infrastructure - a modern stack for a traditionally analog industry.

After the angel round, Spacesforce is actively preparing for Pre-A financing to fund product R&D and market expansion.

— Donglai Du, Co-Founder & CEO, via 36Kr

Integration is the feature

China's proptech field is crowded with dashboards, and its largest developers often build property systems in-house. Spacesforce's wager is different: rather than replace the tools a property team already uses, it connects them. The differentiator is not a flashier interface but the fact that leasing, projects and assets finally reconcile against one another.

That choice shapes everything - the floor-area pricing, the focus on established developers, the emphasis on fewer manual reports over a wholesale reinvention of how property people work. It is proptech that asks a building owner to keep thinking like a building owner, and quietly does the technology in the background.

The story so far

2018

Founded in Chengdu

Donglai Du and Mike Zhang launch Spacesforce under Chengdu Tianfu Hetao Network Technology.

2018

First developer clients

Major Chengdu property developers begin using the platform for space and asset management.

2019

Angel round · ~¥100M valuation

Raises tens of millions of yuan from real estate VCs, reaching a reported valuation near 100 million yuan.

2019

Footprint hits 1.2M sq ft

Coverage expands across Chengdu, Beijing, Suzhou and Guiyang while preparing Pre-A financing.

Questions, answered

What does Spacesforce do?

It provides a cloud-based SaaS and IoT platform for commercial real estate that connects leasing operations, project management and asset management, helping landlords and operators run their buildings digitally.

Who founded Spacesforce and when?

It was founded in 2018 in Chengdu by Donglai Du (Co-Founder & CEO, a Columbia-trained former Vanke executive) and Mike Zhang (Co-Founder, NYU graduate and former JP Morgan employee).

Who are its customers?

Commercial landlords, office-building operators and coworking brands in first-tier Chinese cities, including named clients such as Longfor, Shimao, Zhongtian and Santai.

How does Spacesforce make money?

Through B2B SaaS subscriptions priced by managed floor area - reported at roughly 0.24-0.5 yuan per square meter per month, billed annually.

How much has it raised?

It completed an angel round of tens of millions of yuan, reaching a reported valuation near 100 million yuan; later records label a subsequent round as Series B with about $4.82M total funding.

Find Spacesforce