| Market Capitalization (Millions $) |
8,931 |
| Shares
Outstanding (Millions) |
20,765 |
| Employees |
6,626 |
| Revenues (TTM) (Millions $) |
40 |
| Net Income (TTM) (Millions $) |
-13 |
| Cash Flow (TTM) (Millions $) |
-5 |
| Capital Exp. (TTM) (Millions $) |
0 |
Fangdd Network Group Ltd
Fangdd Network Group Ltd, also known as Fangdd, is a Chinese tech company that provides a one-stop real estate transaction platform for homebuyers and real estate agents. The company was founded in 2011 by Vincent Mo, a serial entrepreneur who previously founded SouFun Holdings, one of China's biggest online real estate portals.
Fangdd's platform connects homebuyers to a network of licensed local agents who provide personalized services such as home tours, negotiation and evaluation of property prices, and financing solutions. The platform also offers a range of value-added services such as home improvement, moving, and home insurance.
The company has expanded its service to cover more than 300 cities in China and has established a strong presence in the real estate market. Fangdd claims to have facilitated over 10 million real estate transactions and to have served over 31,000 agents as of March 2021.
Fangdd's business model is based on a commission-based fee structure that generates revenue from transactions facilitated by its platform. The company also generates revenue from subscriptions, which provide agents with access to premium services and training programs.
In addition to its core business, Fangdd has also ventured into other verticals such as property management, decoration design, and commercial real estate brokerage. The company's long-term vision is to become a leading vertical internet platform for the real estate industry in China.
Fangdd went public on the NASDAQ stock exchange in September 2019, raising $78 million in its initial public offering. The company's stock has performed well, with a current market capitalization of over $3 billion as of August 2021.
Overall, Fangdd Network Group Ltd is a rapidly growing and innovative company that has disrupted the real estate industry in China by providing a seamless and efficient platform for transactions. The company's strong leadership, robust technology, and loyal customer base have positioned it for continued success in the future.
Company Address: Room 4106, Building 12B1 Shenzhen 518063
Company Phone Number: 755 2699 8968 Stock Exchange / Ticker: NASDAQ DUO
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