KE Holdings Inc. Sponsored ADR Class A ( (BEKE) ) has released its Q2 earnings. Here is a breakdown of the information KE Holdings Inc. Sponsored ADR Class A presented to its investors.
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KE Holdings Inc., also known as Beike, is a prominent integrated online and offline platform for housing transactions and services in China, offering a wide range of services from home sales and rentals to renovation and furnishing. In the second quarter of 2025, KE Holdings reported an increase in gross transaction value (GTV) to RMB878.7 billion, a 4.7% rise year-over-year, and net revenues of RMB26.0 billion, marking an 11.3% increase. However, the company’s net income saw a decline of 31.2% to RMB1,307 million. The company also reported a significant expansion in its network, with a 31.8% increase in the number of stores and a 21.6% increase in the number of agents. Despite the growth in revenue, KE Holdings faced challenges with a decrease in net income and gross profit, attributed to increased costs and a shift in revenue streams. The company is focusing on efficiency-driven growth, leveraging AI technology to enhance service capabilities and operational efficiency. Looking ahead, KE Holdings aims to continue expanding its platform and improving service offerings, while maintaining a focus on efficiency and shareholder returns.