BEKE

KE Holdings Inc., operating as Beike and Lianjia, is a leading integrated online and offline platform for housing transactions and services in China. The company connects home buyers, sellers, landlords, tenants, agents, and service providers through technology-enabled platforms facilitating residential property sales, rentals, home renovation, and related services. KE operates an extensive network of physical stores and agents across major Chinese cities complemented by digital platforms providing property listings, virtual tours, and transaction services. Founded by Zuo Hui and headquartered in Beijing, KE went public in 2020 as China's housing market was experiencing significant growth. The company generates revenues through commissions on property transactions and from services provided to agents and consumers. KE faces challenges from China's real estate downturn, regulatory pressures, and economic uncertainty affecting property transactions. The company benefits from its large agent network, brand recognition, and technology capabilities that improve transaction efficiency. KE continues to invest in technology, service quality, and adjacent opportunities while navigating a difficult operating environment in Chinese real estate.