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Fangdd Network Group ( (DUO) ) just unveiled an update.
On March 10, 2025, Fangdd Network Group Ltd. announced a significant restructuring of its VIE equity interests, with Mr. Wei Zhang transferring his shares to Mr. Xi Zeng, the company’s Chairman and CEO. This move, approved by the board and audit committee, aims to simplify the VIE’s shareholding structure, potentially enhancing operational efficiency and strategic control. The updated agreements ensure Fangdd retains control over the VIE’s economic benefits and operational activities, reinforcing its market position and governance framework.
More about Fangdd Network Group
Fangdd Network Group Ltd. is a Cayman Islands holding company operating primarily in China through its subsidiaries, with a focus on real estate technology services. The company utilizes a variable interest entity (VIE) structure to conduct its operations and consolidate financial results under U.S. GAAP.
YTD Price Performance: -37.97%
Average Trading Volume: 2,834,717
Technical Sentiment Consensus Rating: Strong Buy
For detailed information about DUO stock, go to TipRanks’ Stock Analysis page.