$BEKE Inverse head and shouldersKE Holdings Inc. is a publicly traded Chinese real estate holding firm that offers a comprehensive online and offline platform for housing transactions and related services through its subsidiaries. It stands as the largest online real estate transaction platform in China.
Investors commonly refer to the entire operation as "Beike."
The company has garnered financial support from major players like Tencent, SoftBank Group, and Hillhouse Investment.
In August 2020, KE made its debut on the New York Stock Exchange (NYSE), successfully raising $2.12 billion during its initial public offering. On its first trading day, the stock soared by 87%, bringing the company's valuation to nearly $40 billion.
By May 2022, KE expanded its reach by becoming a dual-listed entity, adding its shares to the Hong Kong Stock Exchange.
KE operates two primary businesses: Lianjia and Beike. Lianjia functions as a real estate agency, while Beike serves as an online platform that connects customers with estate agents, including Lianjia. Lianjia is often likened to Redfin, whereas Beike is compared to Zillow.
The company is divided into four key business segments:
1. Existing home transaction services
2. New home transaction services
3. Home renovation and furnishing
4. Emerging and other services
