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Fangdd Network Group Ltd. (China)

Main Activities: Real Estate Property Managers
Full name: Fangdd Network Group Ltd. Profile Updated: July 08, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Chinese Download a sample report

The Company is an investment holding company. The Company, through its consolidated subsidiaries, variables interest entity and variables interest entity's subsidiaries is principally engaged in the provision of real estate information services through its online platform which also offers integrated marketing services for individual customers, real estate developers and agents in the People's Republic of China (the “PRC”).
BUSINESS
The Company s mission is to make it easy for real estate agents to do business and empower them to achieve their dreams. The Company is aligned with the agents on their platform and their products and services are designed to help them grow and succeed.
The Company had one single operating and reportable segment. As the Group generates substantially all of its revenues from customers domiciled in the PRC, no geographical segments are presented. All of the Group's long-lived assets are located in the PRC.
Intangible assets mainly include those intangible assets other than software acquired through business combination. Intangible assets acquired through business combinations are recognized as assets separate from goodwill if they satisfy either the contractual-legal or separability criterion. Intangible assets arising from business combinations are measured at fair value upon acquisition using valuation techniques such as discounted cash flow analysis and ratio analysis with reference to comparable companies in similar industries under the income approach.
Goodwill represents the excess of the purchase consideration over the fair value of the identifiable tangible and intangible assets acquired and liabilities assumed from the acquired entity as a result of the Company's acquisitions of interests in its subsidiaries.
HISTORY
2013 The Company was incorporated in Cayman Islands on September 19, 2013 as an exempted company with limited liability under the Companies Law (2011 Revision) (as consolidated and revised) of the Cayman Islands.
2019 The Company s common stock has been approved for listing on the Nasdaq Global Market on November 1, 2019 under the ticker symbol “DUO.”

Headquarters
Room 602, Unit B4, Kexing Science Park, 15 Keyuan Road, Technology Park, Nanshan District
Shenzhen; Guangdong; Postal Code: 518057

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Website: http://www.fangdd.com

Basic Information
Total Employees:
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Outstanding Shares:
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Financial Auditors:
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Incorporation Date:
2013
Key Executives
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Chairman
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Chief Operating Officer
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Vice President
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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Subsidiaries
Fangdd International Holding Ltd. (United Kingdom)
Fangdd Network Holding Ltd., A Hong Kong Company (Hong Kong SAR, China)
Kunming Fangdd Real Estate Agent Co., Ltd., A Prc Company
Company Performance
Financial values in the chart are available after Fangdd Network Group Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency CNY. Absolute financial data is included in the purchased report.
Net sales revenue
-8.81%
Total operating revenue
-8.81%
Operating profit (EBIT)
N/A
Net Profit (Loss) for the Period
N/A
Total assets
-30.7%
Total equity
-16.12%
Operating Profit Margin (ROS)
N/A
Net Profit Margin
N/A
Return on Equity (ROE)
N/A
Quick Ratio
-0.01%
Cash Ratio
0.1%

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