Welcome to our dedicated page for KE Holdings American Depositary Shares (each representing three news (Ticker: BEKE), a resource for investors and traders seeking the latest updates and insights on KE Holdings American Depositary Shares (each representing three stock.
KE Holdings Inc., also known as Beike, is a leading real estate platform based in Beijing, China. Founded in 2001, the company operates an integrated online and offline platform for housing transactions and services. Beike facilitates various housing transactions, including existing and new home sales, home rentals, home renovation, and real estate financial solutions.
The company operates under the brands Lianjia and Deyou, which are trusted names in China's real estate market. Lianjia, a self-owned real estate brokerage store, operates primarily in Beijing and Shanghai, while Deyou functions as a franchise brand in other cities. This hybrid model allows Beike to leverage both online and physical presence to attract a wide range of clients.
In 2022, Beike expanded its service offerings by acquiring Shengdu Home Decoration, entering the home renovation market. As of the end of 2023, the company reported having 39,713 active stores and 372,718 active agents on its platform, highlighting its extensive reach and operational scale.
Financially, Beike has shown robust performance. In the third quarter of 2023, the company announced an increase in its share repurchase program from $1 billion to $2 billion, extending the program until August 2024. This move reflects the company's confidence in its financial health and future growth prospects.
The company's significant partnerships include Tencent, which, along with its affiliates, holds an 8% voting power in Beike. This strategic alliance underscores Beike's strong market position and future growth potential.
Beike's platform also boasts high user engagement, reporting an average of 411,526 mobile monthly active users in the first quarter of 2023. This engagement is a testament to the platform's user-friendly interface and comprehensive service offerings.
For investors, Beike's financial metrics are promising. The company reports both GAAP and non-GAAP financial measures, offering transparency and detailed insights into its financial performance. Key metrics include Gross Transaction Value (GTV), adjusted net income, and EBITDA, all indicating strong operational efficiency and profitability.
Looking forward, Beike aims to continue leading the real estate market in China through innovation, strategic partnerships, and a commitment to excellent service.
BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) announced it will report its unaudited financial results for Q3 2022 on November 30, 2022, before U.S. market opening. An earnings conference call is scheduled for 7:00 A.M. Eastern Time on the same date. Interested participants are required to register online and will receive dial-in details. A replay of the call will be available until December 7, 2022, and a live webcast can be accessed on the company’s investor relations website.
KE Holdings Inc. (NYSE: BEKE) reported Q2 2022 results with a 47.6% decline in gross transaction value (GTV) to RMB639.5 billion (US$95.5 billion) and net revenues down 43.0% to RMB13.8 billion (US$2.1 billion). The company suffered a net loss of RMB1,866 million (US$279 million). Active agents decreased by 24.4% to 414,915, while mobile MAUs averaged 43 million. Despite challenges, Q3 2022 revenue guidance estimates RMB16.5 billion to RMB17.0 billion, indicating a potential decrease of 6.1% to 8.8%.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) announced the adoption of all proposed resolutions during its annual general meeting held in Beijing. Key actions included amending the company's memorandum and articles of associations and re-electing Jeffrey Zhaohui Li and Xiaohong Chen as directors. Additionally, directors received an unconditional mandate to allot shares and repurchase the company's stock. The meeting's resolutions indicate a strategic focus on enhancing corporate governance and flexibility in share management.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) will announce its unaudited financial results for Q2 2022 on August 23, 2022, before U.S. markets open. An earnings conference call is scheduled for 8:00 A.M. Eastern Time on the same day. Participants must register online at least 20 minutes prior to the call to receive access instructions. KE Holdings operates a leading platform for housing transactions in China, leveraging its experience with Lianjia, a major real estate brokerage brand, to enhance efficiency in housing services.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423) has announced its upcoming annual general meeting (AGM) scheduled for August 12, 2022, at 11:00 a.m. Beijing time. The AGM will cover proposed resolutions supported by the board of directors. Additionally, class meetings for holders of Class A and Class B ordinary shares will be held on the same day. Shareholders as of July 12, 2022, are entitled to attend and vote at the meetings. The company has also filed its annual report for the fiscal year ended December 31, 2021, available on its website.
KE Holdings reported its Q1 2022 results, revealing a 45.2% year-over-year decline in gross transaction value (GTV) to RMB586 billion (US$92.4 billion). Net revenues fell 39.4% to RMB12.5 billion (US$2.0 billion), marking a net loss of RMB620 million (US$98 million). The number of agents decreased 19.1% year-over-year, with active agents down 20.3%. Despite the downturn, the company emphasized its focus on efficiency and growth in home renovation services, alongside a proposed share repurchase program of up to US$1 billion.
BEKE Holdings Inc. (NYSE: BEKE) announced it will release its unaudited financial results for Q1 2022 on May 31, 2022, before U.S. market opens. A conference call is scheduled for 8:00 A.M. Eastern Time the same day. Interested participants must register online in advance. The call will also be available for replay until June 8, 2022. BEKE Holdings operates an integrated platform for housing transactions and services, primarily through its leading real estate brokerage brand, Lianjia.
BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE) has successfully listed its Class A ordinary shares on the Main Board of The Stock Exchange of Hong Kong Limited (SEHK) under stock code '2423'. The shares are traded in lots of 100 and are fully fungible with the American depositary shares (ADSs) on the NYSE. Chairman Peng Yongdong expressed gratitude to stakeholders and emphasized the company's mission of providing admirable service and enhancing living experiences for families in China.
KE Holdings Inc. (NYSE: BEKE) announced the adoption of a 2022 Global Share Incentive Plan, effective May 5, 2022. Under this plan, 125,692,439 Class A ordinary shares may be issued. The company granted 71,824,250 restricted shares to Chairman Peng Yongdong and 53,868,189 to Executive Director Shan Yigang to recognize their contributions and align their interests with long-term shareholder value. The shares are vested immediately but subject to transfer restrictions, which will be lifted in five annual installments, pending Board approval.
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