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.
KE Holdings Inc. (NYSE: BEKE) has announced a proposed dual primary listing of its Class A ordinary shares on the Main Board of the Stock Exchange of Hong Kong Limited (SEHK) by way of introduction. The company received in-principle approval on May 4, 2022, with the listing document published on May 5, 2022. Trading is expected to begin on May 11, 2022, under stock code '2423'. The shares listed on the SEHK will be fungible with the American depositary shares listed on the NYSE. Goldman Sachs and China International Capital Corporation are acting as joint sponsors for this listing.
KE Holdings Inc. (NYSE: BEKE) has been identified by the SEC under the Holding Foreign Companies Accountable Act (HFCAA) since April 21, 2022, due to the inability of the PCAOB to inspect its auditor's work papers for the fiscal year ended December 31, 2021. If this designation continues for three consecutive years, trading of its shares on U.S. exchanges may be prohibited. The company is actively seeking solutions to protect stakeholder interests while complying with regulations in China and the U.S., with a focus on maintaining its NYSE listing.
BEKE Holdings Inc. has completed the acquisition of Shengdu Home Renovation Co., Ltd. for RMB3.92 billion in cash and shares, strengthening its position in the home services market. The deal grants BEKE full ownership of Shengdu, a prominent home renovation provider in China with 20 years of experience and a solid market presence in East China.
This acquisition is expected to enhance BEKE's service offerings and market expansion, leveraging Shengdu's established reputation and operational expertise.
BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE) announced the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2021, with the Securities and Exchange Commission on April 19, 2021. This report includes the audited consolidated financial statements. Shareholders and ADS holders can request a free hard copy of the annual report via the Company’s Investor Relations Department. KE Holdings operates Lianjia, a leading real estate brokerage brand in China, enhancing its capabilities in housing transactions and services.
KE Holdings Inc. (NYSE: BEKE) has appointed Mr. WU Jun as an independent director and chairperson of the compensation committee, effective March 29, 2022. WU brings extensive experience in finance and capital markets, having held key positions in various companies including AsiaInfo Holdings. Ms. CHEN Yu will step down as an independent director upon the end of her term, a decision made for personal career pursuits. This change aims to strengthen the company's governance and financial oversight as it navigates the housing transaction market in China.
KE Holdings Inc. (BEKE) reported its financial results for Q4 and fiscal year 2021, revealing a GTV of RMB3.85 trillion (US$604.7 billion), up 10.1% year-over-year. However, Q4 GTV declined 34.6% to RMB732.4 billion (US$114.9 billion). Net revenues for 2021 rose 14.6% to RMB80.8 billion (US$12.7 billion), yet Q4 revenues fell 21.5% to RMB17.8 billion (US$2.8 billion). The company experienced a net loss of RMB525 million (US$82 million) for the year and RMB933 million (US$146 million) in Q4. Looking ahead, BEKE expects Q1 2022 revenues to drop by 39.6% to 44.4% compared to Q1 2021.
BEIJING--(BUSINESS WIRE)--KE Holdings Inc. (NYSE: BEKE) will report its unaudited financial results for Q4 and fiscal year 2021 on March 9, 2022, post U.S. market close. An earnings call is scheduled for 8:00 P.M. Eastern Time on the same day. Interested participants must register online 20 minutes prior to the call. A replay will be available until March 16, 2022. KE Holdings operates the leading real estate platform in China, Lianjia, facilitating various housing transactions and services.
KE Holdings Inc. (NYSE: BEKE) announced the substantial completion of its internal review concerning allegations raised in the December 2021 Muddy Waters Report. The Audit Committee, supported by independent advisors, found the allegations unsubstantiated. CEO Stanley Peng reaffirmed the Company's commitment to business integrity and aims to enhance service quality for housing transactions. CFO Tao Xu emphasized adherence to data integrity and corporate governance standards. Beike continues to strive towards providing quality housing services to 300 million families in China.
KE Holdings Inc. (NYSE: BEKE) has issued a statement refuting allegations made by Muddy Waters Capital regarding GTV and revenues from new and existing home transactions. The company asserts that Muddy Waters' calculations are flawed and do not account for its comprehensive revenue streams. KE Holdings reported GTVs of RMB 498 billion and RMB 410 billion for new home transactions in Q2 and Q3 2021, respectively. GTV for existing homes decreased by 42% from Q2 to Q3 2021 due to market downturns. The Board has authorized an audit to investigate the allegations, reaffirming their commitment to data integrity.
KE Holdings Inc. (BEKE) reported third-quarter 2021 results showing a 20.9% decline in gross transaction value (GTV) at RMB830.7 billion (US$128.9 billion) year-over-year. Net revenues decreased by 11.9% to RMB18.1 billion (US$2.8 billion), with a significant net loss of RMB1,766 million (US$274 million). Despite these challenges, the company saw a 20.2% increase in the number of stores and agents, reflecting its operational resilience. Looking forward, guidance for fourth-quarter revenues anticipates a decline of 31.6% to 36.0% compared to the previous year.
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