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The latest announcement is out from Fangdd Network Group ( (DUO) ).
On December 5, 2025, Fangdd Network Group Ltd. received a conversion notice from the holder of a US$34.32 million convertible promissory note that had been issued on October 24, 2025 as consideration for Fangdd’s acquisition of certain assets. The noteholder elected to convert the entire outstanding balance into 32,971,466 Class A ordinary shares at a conversion price of US$1.0409 per share, with the shares allocated to designated affiliates of the investor, after which the note was fully extinguished and cancelled. Following this conversion, and in line with a previously signed share subscription agreement, the company also issued 12,731 Class C ordinary shares at US$1.81 per share to ZX International Ltd., an entity controlled by chairman and CEO Xi Zeng. Fangdd stated that these equity issuances, completed in December 2025, did not result in a change of control; immediately afterward, the company had 38,548,413 ordinary shares outstanding across its three share classes, with the transactions strengthening its equity base while relying on private, offshore placements exempt from U.S. registration requirements.
The most recent analyst rating on (DUO) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Fangdd Network Group stock, see the DUO Stock Forecast page.
Spark’s Take on DUO Stock
According to Spark, TipRanks’ AI Analyst, DUO is a Neutral.
The overall stock score is primarily influenced by the company’s financial performance, which shows some positive trends but is overshadowed by significant operational inefficiencies and financial challenges. Technical analysis suggests a bearish trend, while valuation concerns due to negative earnings further weigh down the score.
To see Spark’s full report on DUO stock, click here.
More about Fangdd Network Group
Fangdd Network Group Ltd. is a China-based real estate technology company that operates an online property services platform, connecting real estate agents, developers and home buyers, and facilitating property transaction and related services in the Chinese housing market.
Average Trading Volume: 251,979
Technical Sentiment Signal: Strong Sell
Current Market Cap: $6.61M
For detailed information about DUO stock, go to TipRanks’ Stock Analysis page.