Fangdd Network Group Ltd. operates as an online real estate marketplace in the People's Republic of China. The company operates Duoduo Sales for real estate agents to access primary and other property listings, large real estate buyer base, and marketplace products and services, such as shared listings, data analytic tools, premium marketplace functions, and AI-based marketplace assistance, as well as evaluate online business performances; and Duoduo Cloud Agency that provides a suite of tools and services to agencies manage their business and agents. It also operates Fangduoduo, which offers primary and secondary listings, vacation properties, and real estate market news and pricing information services; Property Cloud, a SaaS solution for real estate developers for listing properties, publishing commission rates, and setting other terms in connection with the sale; and www.fangdd.com that offers real estate agents and real estate buyers region-specific real estate news, information, property data, and access to shared-interest online communities. The company offers core management system, which enables agencies and agents to perform their daily operation, such as managing listings, serving real estate buyers, and cooperating with other marketplace participants; online shops that enable agents to reach, connect, and engage with a range of real estate buyers and sellers, which integrates their online and offline operations with its management system; and agent verification and ranking systems. It also provides real estate information solutions, which offers real-estate related information to agents, consisting of property and neighborhood information, transaction history, data, and other market insights; online sales and marketing solutions; and online education systems. As of December 31, 2020, its marketplace had approximately 1.6 million real estate agents. The company was founded in 2011 and is headquartered in Shenzhen, the People's Republic of China.
IPO Year: 2019
Exchange: NASDAQ
Website: fangdd.com
6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
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6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
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6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
424B5 - Fangdd Network Group Ltd. (0001750593) (Filer)
6-K - Fangdd Network Group Ltd. (0001750593) (Filer)
424B5 - Fangdd Network Group Ltd. (0001750593) (Filer)
SHENZHEN, China, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of US$5 million of Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$0.7 per share (or US$0.6994375 per pre-funded warrant), in a registered direct offering. The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on or a
SHENZHEN, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. ("FangDD" or the "Company") (NASDAQ:DUO) today announced that the Company received a notification letter (the "Compliance Notice") from the Nasdaq Stock Market LLC ("Nasdaq"), dated October 10, 2024, indicating that the Company regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2) (the "Minimum Bid Price Requirement"). As previously announced, the Company was notified by Nasdaq on December 13, 2023 that the Company was not in compliance with the Minimum Bid Price Requirement as the bid price of the Company's American depositary shares ("ADSs") previously rep
SHENZHEN, China, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of US$4.5 million of Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$0.88 per share (or US$0.8794375 per pre-funded warrant), in a registered direct offering. The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on o
SHENZHEN, China, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of up to 3,125,000 Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$1.60 per share (or US$1.5994375 per pre-funded warrant), in a registered direct offering. The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on or
SHENZHEN, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company"), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the "Purchase Agreement") for the issuance and sale by the Company of 1,612,902 Class A ordinary shares ("Class A Ordinary Shares"), at a price of US$1.55 per share, in a registered direct offering. The Purchase Agreement contains representations, warranties and other provisions customary for transactions of this nature. The offering is expected to close on or about October 2, 2024, subject to the satisfaction of custom
SHENZHEN, China, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company") today announced the effective date of its substitution listing plan. As previously announced, the Company and The Bank of New York Mellon (the "Depositary"), acting as the depositary for the Company's American depositary shares (the "ADSs"), intend to delist the ADSs from The Nasdaq Capital Market ("Nasdaq"). Following the delisting of ADSs, the Company will immediately list its Class A ordinary shares currently represented by ADSs for trading on Nasdaq on September 30, 2024, Eastern Time (the "Substitution Listing"). Each ADS represents one Class A ordinary share of the
SHENZHEN, China, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company") today announced further updates on its substitution listing plan. As previously announced on June 3 and July 31, 2024, the Company intends to terminate its existing American depositary receipts facility and list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC ("Nasdaq") in substitution for the American depositary shares (the "ADSs") (the "Substitution Listing"). The Company expects that, upon the effectiveness of the Substitution Listing, its ADSs will cease to be listed on Nasdaq while the Class A ordinary shares represented by the ADSs will trad
SHENZHEN, China, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or "the Company"), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2024. First Half 2024 Financial Highlights Revenue for the six months ended June 30, 2024 slightly decreased by 8.8% to RMB140.0 million (US$19.3 million) from RMB153.5 million for the same period of 2023.Net income for the six months ended June 30, 2024 was RMB16.4 million (US$2.3 million), compared to net income of RMB9.4 million for the same period of 2023.Non-GAAP net income1 for the six months ended June 30, 202
SHENZHEN, China, July 31, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company") today announced updates on its substitution listing plan. As previously announced on June 3, 2024, the Company intends to terminate the Company's existing American depositary receipts (the "ADR") facility on or about September 4, 2024, and list its Class A ordinary shares for trading on The Nasdaq Stock Market LLC ("Nasdaq") in substitution for the American depositary shares (the "ADS") (the "Substitution Listing"). The Company expects that, upon the effectiveness of the Substitution Listing, its ADSs will cease to be listed on Nasdaq while the Class A ordinary shares repr
SHENZHEN, China, June 24, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company") today announced that it had entered into an agreement to purchase certain patents relating to cloud computer technology in China. The transaction is part of the Company's strategy to expand into technology-enabled real estate management as a supplement to its existing business. The purchase price for the patents is US$35,000,000. Additionally, the seller is entitled to receive an earnout payment for each fiscal year ending on December 31, 2024, December 31, 2025 and December 31, 2026 at an amount equal to (a) US$15,000,000 multiplied by (b) the ratio of (i) the revenue gen
SHENZHEN, China, Nov. 19, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or "the Company"), a leading property technology company in China, today announced its unaudited financial results for the third quarter ended September 30, 2021. Third Quarter 2021 Financial Highlights Revenue in the third quarter of 2021 decreased by 57.8% to RMB 169.2 million (US$26.3 million) from RMB401.4 million in the second quarter of 2021. Because of the continuous downturn status of real estate market and the corresponding measures that the Company has taken to reduce its business scale, the revenue in the third quarter of 2021 did not meet our expectation made in the second qua
SHENZHEN, China, Nov. 15, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or "the Company"), a leading property technology company in China, today announced that it plans to release its third quarter 2021 financial results before the market opens on Friday, November 19, 2021. The Company's management team will hold a Direct Event conference call on Friday, November 19, at 7:30 A.M. Eastern Time (or 8:30 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title:Fangdd Network Group Ltd Third Quarter 2021 Earnings Conference CallConference ID:#6464869Registration Link:http://apac.directeventreg.
SHENZHEN, China, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or "the Company"), a leading property technology company in China, today announced its unaudited financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Financial Highlights Revenue in the second quarter of 2021 increased by 37.9% to RMB401.4 million (US$62.2 million) from RMB291.0 million in the first quarter of 2021.Net loss was RMB139.0 million (US$21.5 million) in the second quarter of 2021, which included provision of allowance for doubtful accounts on accounts receivable from certain real estate developers of RMB79.1 million (US$12.2 million) in response to
SHENZHEN, China, Aug. 09, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or "the Company"), a leading property technology company in China, today announced that it plans to release its second quarter 2021 financial results before the market opens on Friday, August 13, 2021. The Company's management team will hold a Direct Event conference call on Friday, August 13, 2021, at 8:00 A.M. Eastern Time (or 8:00 P.M. Beijing Time on the same day) to discuss the financial results. Details for the conference call are as follows: Event Title:Fangdd Network Group Ltd Second Quarter 2021 Earnings Conference CallConference ID:#4497723Registration Link:http://apac.directevent
SHENZHEN, China, March 26, 2021 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2020. Fourth Quarter 2020 Financial Highlights Revenue decreased by 40.6% to RMB622.4 million (US$95.4 million) from RMB1,047.2 million in the same period of 2019.Net loss decreased to RMB92.8 million (US$14.2 million) from RMB691.0 million in the same period of 2019.Non-GAAP net loss1 was RMB68.5 million (US$10.5 million) compared to non-GAAP net income of RMB54.9 million in the same period of 2019. Full Year 2020 F
BEIJING, Jan. 05, 2021 (GLOBE NEWSWIRE) -- BlueCity Holdings Limited (“BlueCity” or the “Company”) (NASDAQ: BLCT), a world’s leading online LGBTQ platform, today announced the appointment of Mr. Weiru Chen as a new independent director to its board of directors (the “Board”), effective immediately. Mr. Zhe Wei has concurrently resigned from his positions as a director and a member of the compensation committee and nominating and corporate governance committee of the Board. After the changes, the Board will continue to consist of five members, four of whom are independent directors. The compensation committee will consist of Ms. Rong Lu, Mr. Baoli Ma and Mr. Weiru Chen, with Ms. Rong Lu as
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Fangdd Network Group Ltd. (NASDAQ:DUO) ("FangDD" or the "Company") today announced that the Company and The Bank of New York Mellon intend to terminate the Deposit Agreement, dated October 31, 2019, among FangDD, The Bank of New York Mellon, as the depositary for the Company's American depositary shares (the "ADS"), and owners and holders of ADSs. As a result, the Company's existing American depositary receipts (the "ADR") facility is expected to be terminated at 5:00 p.m. (Eastern Time) on September 4, 2024 (the "Termination Date"). Immediately following the termination of the Company's ADR facility, the Company plans to list its Class A ordinary shares for trading on The Nasdaq Stock Marke
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