Loading company
Keep exploring
The themes Fangdd Network is part of, the highest-graded companies in its industry, and the companies in its sector whose grade rose recently.
Highest-graded in Real Estate Services
Graded A or B and worth $2B or more: A first, then the largest.
JLLJones Lang LaSalle Incorporated$16.8BA
COMPCompass, Inc.$7.8BA
FSVFirstService Corporation$7.1BA
CBRECbre Group, Inc.$38.4BB
IRSIRSA Investments and Representations Inc.$10.6BB+
Grade rose recently in Real Estate
Rose to A or B on a filing in the last 90 days, worth $2B or more: largest first.
AMHAmerican Homes 4 RentNov 5, 2026CAGraded C, now A
JANJanus Living, Inc.Nov 3, 2026BAGraded B, now A- COMPCompass, Inc.Nov 5, 2026BAGraded B, now A
- FSVFirstService CorporationOct 22, 2026BAGraded B, now A
RYNRayonier Inc.Nov 4, 2026DBGraded D, now B
How it makes money
- Commissions from property transactions94%
- Software subscriptions and other value-added services7%
Shares of revenue are estimates for year ended 2025-12-31, not figures from a filing.
Competes with
- BEKEKE Holdings (Beike)F
- Size
- $20.7B
- Margin
- 5.3%
- Anjuke (a 58.com service)
What it sells6
Property Cloud
Software for property developers to list homes, set sales terms and commissions, manage sales and customers, and connect directly with agents.
Marketplace services
Property-listing and marketing services that organize property details and help sellers connect listings with suitable agents.
Duoduo Sales
A mobile app for agents to view property listings, find potential buyers, track their sales activity and share information with customers.
Show 3 more
Duoduo Cloud Sales
Online tools for agents and agencies to find properties, manage buyers and sales, and review business activity.
Fangduoduo
A homebuyer app for searching new and resale properties, viewing housing information and contacting agents.
Asset management services
Services for owners of properties such as rental apartments, industrial parks and offices, including planning, finding tenants, property management and sales.
Who buys it4
- Property developers and other sellers list properties and use marketing, agent-network and sales services; transaction commissions are collected when deals close.
- Real-estate agencies and agents use listing, customer-management, sales and training tools; software subscriptions are one way the company charges marketplace participants.
- Homebuyers use the app and marketplace to search listings and contact agents.
- Municipal investment companies, developers and other property owners use asset-planning, tenant-acquisition and management services.
What it stands on, and what could break it
What the business leans on
- 1Its online real-estate business depends on activity in China’s property market and on buyers and sellers completing transactions.
- 2Most operations in China depend on contractual arrangements with a variable interest entity (VIE) and its shareholders, rather than direct ownership of that operating business.
- 3The marketplace depends on property sellers supplying listings and agents using its tools to connect sellers with buyers.
What could go wrong
- 1A downturn in China’s real-estate market, weaker economic growth or government measures affecting property transactions could reduce completed deals and commission revenue.
- 2If Chinese authorities interpret foreign-investment rules as incompatible with the company’s VIE arrangements, or change how those rules apply, the company could lose its ability to control or conduct key operations.
- 3A data-security or privacy incident, or failure to meet China’s internet and data rules, could lead to penalties, service disruption and loss of users.
About Fangdd Network Group Ltd.
Fangdd runs an online marketplace where property sellers list homes and other real estate, agents find buyers and manage sales, and homebuyers search for properties and contact agents. It provides software tools for sellers and agents, and earns most of its revenue from commissions when a property transaction closes. It also sells software subscriptions and services to manage real-estate assets.
- Head office
- Shenzhen, China
- Founded
- 2011
- Listed on
- Nasdaq Capital Market
- Financial year ends
- December 31
Built from Fangdd Network Group Ltd.’s own filings with the U.S. Securities and Exchange Commission (SEC). Figures are as reported, with per-share history restated onto today’s share basis. This company files in CNY. Figures are converted to US dollars at $1.00 = 6.6719 CNY, the current rate, applied to every period alike — so growth and margins are the company’s own and not the exchange rate’s. This describes a business — it is not investment advice and not a recommendation to buy or sell anything.
