KE Holdings, Inc. Class A (HK:2423) has released an update.
KE Holdings Inc., an industry leader in integrated housing transaction and service platforms, has reported a 16.2% decrease in Gross Transaction Value (GTV) for the first half of 2024, compared to the same period in 2023, with net revenues holding steady at RMB 39.7 billion. Despite an increase in active stores and agents, net income saw a decline from RMB 4,049 million to RMB 2,333 million. The company also witnessed a slight uptick in mobile monthly active users, reaching an average of 49.7 million in the three months ended June 30, 2024.
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