Beike, China's Answer to Zillow + MLS: Long-Termism of a Pioneering RE Platform

► Beike, born out of China's local RE brokerage Lianjia, aims to change the Chinese real estate brokerage industry by leveraging the network effects of its RE broker platform.   ► Compared with Beike’s Chinese peers, Beike provides fundamentally better products and more ...

A Dive into Beike's Restructuring: Beike Might Seek Hong Kong IPO

Recently, Lianjia (链家), the parent company of Beike (贝壳), holds its strategy meeting and announced several structural changes. Meanwhile, EqualOcean noticed that Beike’s Chinese legal entity pledged all of its shares to a company backed by Beike’s Hong Kong entity.  A ...

Beike: Pivoting Towards New Real-estate Brokerage Horizon

Beike (Tianjin) Investment is also the wholly owned subsidiary of a Hong Kong-based real estate services company, which allows ZUO Hui and his leadership team to remain in control of Beike with a variable-interest entity structure-backed overseas listing. Rumors said that their first location for a ...

Tencent-backed Brokerage Platform Beike Denies IPO Rumors, Again

s tech Tencent in March, fast-growing real estate brokerage platform Beike (贝壳) publicly denied again that it will be seeking an IPO in near future, according to tech media Tech Node. Last time was no longer after its last funding round, which valued the company at USD 9.5 billion, according to ...

Real Estate Platform Beike Seeks USD 800 Million in Series D

Real Estate search engine platform Beike (贝壳找房) has started to seek for a Series D financing. Reportedly, this round of financing will mainly be spent on R&D and product development. Series D is going to be lead by the strategic investor Tencent.  Beike is a property service platform...

Beike, a Susidiary of Lianjia, Disparaged by NYSE-Listed Competitor 58.com

Beike（贝壳）, one of leading open-platform real ..., ZUO Hui (左晖), Chairman of Beike, and PENG Yongdong (彭永东), CEO of Beike, emphasized this sentence during Beike 2018 Public Class conference on November 11, 2018.  ——Author: YuanPu; Write to YuanPu at YuanPu@EqualOcean.com

Beike Receives Latest Funding of USD 2.4 Billion Led by Softbank

On March 4, Beike officially confirmed that the company had completed a D+ round of financing in November 2019. The participants included SoftBank, Tencent, Gao Ling and Sequoia, with a total financing amount of more than USD 2.4 billion. It is reported that SoftBank led this deal, with an ...

Beike, China's Combo of Zillow and MLS, Is Valued High

On November 19, Beike (BEKE:NASDAQ) announced an FPO, planning to raise USD 2.1 billion at USD 58 per ADS (1 ADS = 3 shares). EqualOcean previously sketched Beike's business model and competitive outlook, elaborating on its revenue drivers and main pain points.We believe that Beike is likely to ...

Online Housing Platform Beike Nears USD 10 Billion Value, Source Says

Beike generated CNY 28 billion (USD 4.07 billion) and CNY 6.3 billion gross profit in 2018. The firm expects a CNY 36.6 billion (USD 5.32 billion) revenue in 2019, with a 31% year-on-year growth. Though the firm was in red last year, it eyes a positive CNY 800 million net profit in 2019, according ...

Beike, 'China's Redfin,' Fends Off Alibaba and Tencent – Initiate with Buy

On the evening of July 24, Beike formally submitted its prospectus to the US SEC, intending to be listed on the New York Stock Exchange with the stock code ‘BEKE.’ In the previous article, EO discussed Beike's business model in general. With more data available on its financials, EO ...

China's Biggest Portal Firm Beike’s Revenue in Q1 2023 Exceeds CNY 20.3 Bn, Up 61.6% YoY

(hereinafter referred to as “Beike”, Chinese: 贝壳, NYSE: BEKE, HKEX: 2423), headquartered in Beijing, recently released its 2023 first quarterly report. In Q1 2023, Beike achieved a total gross transaction value (GTV) of CNY 971.5 billion (USD 138.21 billion), up 65.8% year-on-year; revenue of ...

Housing Platform Beike Records a Drop in Net Revenue to CNY 12.5 Billion in Q1

Housing platform Beike (Chinese: 贝壳, BEKE:NYSE, 2423:HK) released its financial results for the first quarter of 2022 on May 31. The firm’s operating revenue reached CNY 12.5 billion (USD 186 million), with a total transaction volume of CNY 586 billion.The firm provides an integrated online ...

Tencent-backed Real Estate Broker Beike Posts 43% Net Revenue Decrease in 2021

The mobile monthly active users (MAU) averaged 43.0 million for the three months ended June 30, 2022, compared to 52.1 million in the same period of 2021.As of press time, Beike’s stock price closed at USD 17.35, with a market cap of USD 170.73 billion.Similar real estate brokerage companies ...

Tencent-backed Real Estate Broker Beike Posts 14.6% Revenue Growth in 2021

or Beike’s (BEKE:NYSE) financial announcement for the fourth quarter and fiscal year ended December 31, 2021: - Net revenues achieved CNY 17.8 billion (USD 2.8 billion) in Q4 2021, showing a decrease of 21.5% year-over-year. - In the fourth quarter of 2021, net loss was CNY 933 million ...

Beike's First Financial Report: Net Profit Down 80% YoY in 3Q 2020

On November 16, Beike released its first third-quarter financial report since listing. As of September 30, 2020, revenue reached CNY 20.5 billion, a year-on-year increase of 70.9%. Net profit was CNY 75 million, a decrease of 80% over the same period. The total transaction volume was CNY 1.05 ...

76 New Unicorns Appeared in 2019 to Reshape the Global Tech Landscape

new unicorns, the youngest are Beike Zhaofang, Judo Capital, Hims and Ola Electric Mobility, all of which were founded in 2017. The most valuable unicorn is Beike Zhaofang, with an astonishing number of USD 10 billion. Argo AI ranks second with a valuation of USD 7 billion. The United States ...

WIM2022 New York: Monkeypox Vaccine Helps U.S. MNC Expand into China

Beike Bio was up by 13.47%, even though Beike states they do not have monkeypox-related products, and the varicella vaccine will not be effective against monkeypox. Shanghai ZJ Bio-Tech Co, a PCR-based molecular diagnostics solution provider, has recently soared due to their monkeypox test kit ...

Kuaishou Launches Consumption and Real Estate Business Units

China’s largest housing transaction platform Beike Zhaofang (Chinese: 贝壳找房), or house seeking, target mainly first-tier cities like Beijing, Shanghai, Guangzhou, and Shenzhen.Kuaishou’s e-commerce unit posted a gross merchandise value (GMV) of CNY 680 billion (USD 101 billion) in ...