FangDD Reports Fourth Quarter and Full Year 2020 Unaudited Financial Results
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
