olivLaw · US equity research
Fangdd Network Group Ltd. DUO
Real Estate · SIC 6500 · Vertical: Real Estate (SIC 6500)
Fangdd Network Group operates an online marketplace for real estate transactions in China, connecting sellers, agents and buyers through property listings, SaaS tools and matching algorithms. The company reported revenue of RMB354.8 million in 2025 but also a net loss of RMB86.0 million, against a Chinese property market that remains fragile.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, Fangdd Network Group Ltd. (DUO) stock was 0.58 USD (+0.35% on the day), with market capitalisation 548.5 m USD, beta 1.30, 52-week range 0.46–2.29 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 49.9
- neutral
- Bollinger (20, 2)
- 0.50 – 0.66
- in the upper half of the band · %B 0.50 · band width 28.0%
- SMA 50 / 200
- 0.59 / 0.93
- downtrend (price < SMA50 < SMA200)
- MACD (12, 26, 9)
- -0.01 / -0.01
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −6.9% | −1.1% | −5.8 pp | — |
| 3 months | −2.8% | −0.5% | −2.4 pp | — |
| 6 months | −63.1% | +4.4% | −67.4 pp | — |
| Year to date | −60.3% | +12.3% | −72.6 pp | — |
| 1 year | −67.8% | +13.5% | −81.3 pp | −11.2% |
| 3 years | −96.2% | +76.4% | −172.6 pp | −2.5% |
| 5 years | −100.0% | +63.7% | −163.7 pp | — |
Price returns, dividends excluded.
Quarterly results
ESEF annual reports carry no quarters: the results are annual (below).
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Fiscal years
| Fiscal year | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 517.0 m | 375.7 m | 147.9 m | 35.7 m | 40.1 m | 46.5 m | 50.7 m |
| Revenue YoY | unavailable | −27.3% | −60.6% | −75.9% | +12.6% | +15.8% | +9.2% |
| Net income | -73.3 m | -33.8 m | -183.8 m | -35.4 m | -12.9 m | 4.2 m | -12.1 m |
| Net income YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | −386.7% |
| Diluted EPS | unavailable | unavailable | -0.09 | -0.02 | -0.00 | 0.47 | -1.85 |
| Diluted EPS YoY | unavailable | unavailable | unavailable | unavailable | unavailable | unavailable | −493.6% |
| net % | -14.2% | -9.0% | -124.3% | -99.2% | -32.2% | 9.1% | -23.9% |
| Free cash flow | 16.8 m | -51.4 m | -11.5 m | -18.4 m | -26.3 m | -11.4 m | -12.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 4.2 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- 82.8 m USD
- Total assets
- 112.7 m USD
- Debt / equity
- unavailable
- Current ratio
- 1.86x
- ROE
- -17.9%
- ROA
- -11.4%
- FCF margin
- -23.6%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 375.7 m | 147.9 m | 35.7 m | 40.1 m | 46.5 m | 50.7 m | SEC (XBRL)· 06 May 2026verified |
| Cost of revenue | 312.2 m | 131.2 m | 32.1 m | 34.3 m | 38.0 m | 41.6 m | SEC (XBRL)· 06 May 2026verified |
| Gross profit | 63.5 m | 16.7 m | 3.6 m | 5.8 m | 8.5 m | 9.1 m | SEC (XBRL)· 06 May 2026verified |
| Research & development | 46.2 m | 26.3 m | 9.6 m | 4.5 m | 3.4 m | 3.6 m | SEC (XBRL)· 06 May 2026verified |
| Operating income | -34.6 m | -150.2 m | -36.2 m | -37.3 m | -17.2 m | -19.1 m | SEC (XBRL)· 06 May 2026verified |
| Depreciation & amortisation | 579.0 k | 1.2 m | 398.0 k | 98.0 k | 63.0 k | 1.5 m | SEC (XBRL)· 06 May 2026verified |
| EBITDA | -34.1 m ≈ | -149.0 m ≈ | -35.8 m ≈ | -37.3 m ≈ | -17.2 m ≈ | -17.6 m ≈ | SEC (XBRL)· 06 May 2026derived |
| Interest expense | — | — | — | 52.0 k | 44.0 k | 31.0 k | SEC (XBRL)· 06 May 2026verified |
| Pre-tax income | -31.7 m | -187.4 m | -33.7 m | -13.4 m | 2.8 m | -15.2 m | SEC (XBRL)· 06 May 2026verified |
| Income tax | 2.2 m | 1.4 m | 1.1 m | -266.0 k | -1.0 m | -2.9 m | SEC (XBRL)· 06 May 2026verified |
| Net income | -33.8 m | -183.8 m | -35.4 m | -12.9 m | 4.2 m | -12.1 m | SEC (XBRL)· 06 May 2026verified |
| Diluted EPS | — | -0.09 | -0.02 | -0.00 | 0.47 | -1.85 | SEC (XBRL)· 06 May 2026verified |
| Weighted average diluted shares | 2.0 bn | 2.0 bn | 369.5 k | 256.5 k | 681.4 k | 6.5 m | SEC (XBRL)· 06 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 129.3 m | 77.2 m | 20.9 m | 17.1 m | 10.3 m | 4.2 m | SEC (XBRL)· 06 May 2026verified |
| Receivables | 345.2 m | 138.8 m | 68.3 m | 44.3 m | 26.9 m | 21.2 m | SEC (XBRL)· 06 May 2026verified |
| Inventories | — | — | 1.6 m | 1.8 m | 737.0 k | 718.0 k | SEC (XBRL)· 06 May 2026verified |
| Current assets | 532.6 m | 255.4 m | 124.5 m | 86.3 m | 75.2 m | 55.8 m | SEC (XBRL)· 06 May 2026verified |
| Property, plant & equipment, net | 2.2 m | 2.3 m | 440.0 k | 256.0 k | 2.1 m | 4.7 m | SEC (XBRL)· 06 May 2026verified |
| Goodwill | 4.8 m | — | 66.0 k | — | — | — | SEC (XBRL)· 19 Apr 2023verified |
| Intangibles (excl. goodwill) | 1.1 m | — | — | — | 138.0 k | 33.5 m | SEC (XBRL)· 06 May 2026verified |
| Total assets | 620.4 m | 300.2 m | 156.1 m | 108.4 m | 100.2 m | 112.7 m | SEC (XBRL)· 06 May 2026verified |
| Accounts payable | 275.3 m | 184.5 m | 95.6 m | 55.7 m | 24.8 m | 10.4 m | SEC (XBRL)· 06 May 2026verified |
| Current liabilities | 392.0 m | 248.1 m | 137.7 m | 77.4 m | 44.7 m | 29.9 m | SEC (XBRL)· 06 May 2026verified |
| Total liabilities | 395.7 m | 252.5 m | 142.3 m | 81.5 m | 47.7 m | 29.9 m | SEC (XBRL)· 06 May 2026verified |
| Equity | 224.7 m | 47.7 m | 13.8 m | 27.0 m | 52.5 m | 82.8 m | SEC (XBRL)· 06 May 2026verified |
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -49.8 m | -9.5 m | -18.4 m | -26.2 m | -8.3 m | -8.6 m | SEC (XBRL)· 06 May 2026verified |
| Capex | 1.6 m | 2.0 m | 28.0 k | 42.0 k | 3.2 m | 3.3 m | SEC (XBRL)· 06 May 2026verified |
| Free cash flow | -51.4 m ≈ | -11.5 m ≈ | -18.4 m ≈ | -26.3 m ≈ | -11.4 m ≈ | -12.0 m ≈ | SEC (XBRL)· 06 May 2026derived |
| Investing cash flow | 895.0 k | -6.9 m | -23.1 m | 4.4 m | -20.0 m | -6.1 m | SEC (XBRL)· 06 May 2026verified |
| Financing cash flow | -7.1 m | -48.2 m | -8.5 m | 16.9 m | 20.1 m | 6.9 m | SEC (XBRL)· 06 May 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Market and valuation
9 indicators that do not apply to the sector.
Valuation
olivLaw classification
- indicators available: 5 of at least 6
- score weight coverage: 56.5% of at least 60%
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 548.5 m USD
Key indicators
Coverage and freshness
Score by group
57% · Insufficient data
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 0.04 – 0.14 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Net asset value (NAV)unavailable · input data missing
- Dividend discount (DDM)unavailable · the company pays no dividend: a dividend model needs an explicit initiation assumption
- Peers: P/B0.04 – 0.14 (Mid 0.07)19 companies used · median multiple 0.8x · quartiles 0.5x – 1.6xAEI, AHRT, AIRE, BEEP, CHCI, CIGI, CMTG, CURB, CWK, FOR, FRPH, GTY, HPP, IIPR, LPA, OPI, TRC, TRNO, UE
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: indicators available: 5 of at least 6; score weight coverage: 56.5% of at least 60%
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | -17.9% | 17 (vs peers) | 12% |
| EBITDA margin · Quality | -34.6% | 0 (on a fixed band) | 15% |
| Revenue CAGR 3Y · Growth | 12.5% | 100 (on a fixed band) | 15% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Interest coverage · Balance sheet | -614.9x | 0 (on a fixed band) | 23% |
| P/B · Valuation | 6.6x | 8 (vs peers) | 35% |
| P/E (TTM) · Valuation | unavailable | unavailable | — |
| Dividend yield · Returns | unavailable | unavailable | — |
| Payout ratio (EPS) · Returns | unavailable | unavailable | — |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth100/100 · 1/1 factors with a value
- Quality7/100 · 2/2 factors with a value
- Returns· partialunavailable · 0/2 factors with a value
- Valuation· partial8/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
Fangdd Network Group Ltd. (DUO). Latest full fiscal year: 2025; data up to 2025-12-31.
Figures computed from the financial statements: revenue 50.7 m USD in 2025; YoY growth 9.2%; net margin -23.9%; ROE -17.9%.
The estimated value range is 0.04–0.14 USD per share (median of 1 methods, agreement: single method); assumptions are illustrative. Against the central value of 0.07 USD, the price of 0.58 USD leaves a potential of -87.2% (value / price − 1) and a margin of safety of -681.6% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
Insufficient data for a verdict (indicators available: 5 of at least 6; score weight coverage: 56.5% of at least 60%).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Revenue CAGR 3Y: 12.5%
What contradicts it
- ROE: -17.9%
- EBITDA margin: -34.6%
- Interest coverage: -614.9x
- P/B: 6.6x
- The price is above the estimated value range
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, P/E (TTM), Dividend yield, Payout ratio (EPS).
Versus the vertical median
Real Estate (SIC 6500) · same industry (4-digit SIC) · compared with 31 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| CBRECbre Group, Inc. | 40.7 bn | 30.2 | 16.1% | 3.1% | +13.4% | −13% / +79% |
| VTMXVesta Real Estate Corporation, S.A.B. de C.V. | 32.7 bn | 131.8 | 9.1% | 85.4% | +12.2% | +19% / −2% |
| TRNOTerreno Realty Corporation | 7.5 bn | 20.3 | 8.3% | 68.1% | +24.5% | +8% / +19% |
| FSVFirstService Corporation | 7.1 bn | 49.0 | 14.9% | 3.5% | +5.4% | −1% / −1% |
| CIGIColliers International Group Inc. | 4.0 bn | 48.8 | 15.7% | 4.0% | +15.3% | −32% / −5% |
| CURBCurbline Properties Corp. | 3.7 bn | 125.4 | 1.3% | 11.2% | +51.3% | +26% / unavailable |
| CWKCushman & Wakefield Ltd. | 3.5 bn | 50.5 | 3.4% | 0.6% | +8.9% | −11% / +82% |
| UEUrban Edge Properties | 2.7 bn | 24.6 | 7.9% | 22.2% | +6.1% | +10% / +26% |
| GTYGetty Realty Corp. | 1.9 bn | 17.4 | 8.9% | 42.4% | +9.0% | +1% / −2% |
| IIPRInnovative Industrial Properties, Inc. | 1.6 bn | 12.5 | 7.6% | 53.2% | −13.8% | +14% / −31% |
| FORForestar Group Inc. | 1.3 bn | 7.5 | 9.6% | 9.9% | +10.1% | −2% / −18% |
| HPPHudson Pacific Properties, Inc. | 572.8 m | — | -19.8% | -69.1% | −1.3% | −24% / −74% |
| DUOFangdd Network Group Ltd. | 548.5 m | — | -17.9% | -23.9% | +9.2% | −68% / −96% |
| AHRTAh Realty Trust, Inc. | 500.6 m | — | -6.7% | -18.2% | +4.1% | +3% / −38% |
| TRCTejon Ranch Co. | 439.9 m | 71.3 | 1.3% | 10.6% | +18.4% | +0% / +3% |
| FRPHFrp Holdings, Inc. | 360.7 m | 2,041,655.0 | 0.0% | 0.2% | +2.6% | −19% / −32% |
| MLPMaui Land & Pineapple Co Inc | 289.5 m | — | -16.1% | -28.6% | +68.2% | −8% / −2% |
| OPIOffice Properties Income Trust | 285.6 m | — | -40.5% | -73.0% | −11.8% | unavailable / unavailable |
| CMTGClaros Mortgage Trust, Inc. | 261.0 m | — | -36.5% | -391.9% | −24.4% | −44% / −85% |
| CHCIComstock Holding Companies, Inc. | 165.7 m | 6.7 | 36.4% | 32.2% | +22.6% | +46% / +352% |
| BEEPMobile Infrastructure Corporation | 100.4 m | — | -16.1% | -67.2% | −5.2% | −22% / −54% |
| LPALogistic Properties of the Americas | 78.1 m | 7.5 | 4.3% | 20.9% | +14.3% | −27% / unavailable |
| OZBelpointe PREP, LLC | 47.6 m | — | — | -212.1% | +243.4% | −41% / −50% |
| AEIAlset Inc. | 21.1 m | — | -43.4% | -951.4% | −78.8% | −80% / −54% |
| CWDCalibercos Inc. | 4.7 m | — | — | -117.3% | −60.7% | −80% / −98% |
1- and 3-year price returns: for DUO from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 3 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
| 5 years | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable | insufficient data Total return unavailable · Per year unavailable |
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 May 2026; since then the company filed 6-K (29 Sept 2026), 6-K (28 Aug 2026), 6-K (24 Jul 2026).
In brief
Fangdd Network Group operates an online marketplace for real estate transactions in China, connecting sellers, agents and buyers through property listings, SaaS tools and matching algorithms. The company reported revenue of RMB354.8 million in 2025 but also a net loss of RMB86.0 million, against a Chinese property market that remains fragile.
SWOT
Strengths
- The company runs an integrated platform linking sellers, agents and buyers, with a broad base of active agents and a recognized brand in China's property sector.
- Technology capabilities, including its property database and matching algorithms, lower transaction costs and support employee productivity.
- Focus on developers with solid credit profiles has helped sustain revenue in a difficult environment.
Weaknesses
- The company continues to report net losses and negative operating cash flows, which raises questions about the sustainability of the model.
- Dependence on the Chinese property market, where activity has been hit by a prolonged downturn, limits geographic diversification.
- The company carries a large accumulated deficit and relies on equity or debt financing, which may be hard to obtain.
Opportunities
- Expanding SaaS and asset management services could diversify revenue away from property transaction commissions.
- Adoption of online transactions could grow if support policies translate into steadier market activity.
- Partnerships with solid developers could support transaction volume with lower credit risk.
Threats
- Credit risk from property developers could lead to further losses from uncollected receivables.
- Competition from new entrants or established players could reduce the company's market share.
- Changes in Chinese regulation, including the VIE structure, could affect the rights of investors.
Risks
- Recurring losses and going concernhigh
The company has reported net losses and negative operating cash flows. This affects its financing capacity and is flagged as a going concern matter.
- Developer credit riskhigh
Non-payment of receivables from developers could seriously affect the financial position if estimates of expected credit losses prove wrong.
- VIE structure and shareholder contractshigh
Control over operations relies on contractual arrangements, and Chinese authorities could deem them non-compliant, leading to penalties or loss of interests.
- Dependence on the Chinese property marketmedium
Activity depends on government policies, economic growth and property demand, which can change quickly.
- Nasdaq listing and share price volatilitymedium
The company moved to the Nasdaq Capital Market and must meet continued listing requirements, while its share price can be volatile, especially after share issuances.
Investment thesis
What would need to be true (bull case)
- If property transaction activity stabilizes, commission and SaaS revenue could support a return to profitability.
- The agent base and technology tools could strengthen the company's position in a market that is digitizing.
- Reduced exposure to weak developers could limit future losses from receivables.
What would break the thesis
- Repeated net losses and negative operating cash flows could force the company into further share issuances or debt, diluting shareholders.
- A prolonged downturn in China's property sector could keep weighing on transaction volumes and receivables.
- VIE structure and regulatory risks could reduce the value of the investment for foreign shareholders.
What to watch
- Revenue and net loss trend in quarterly reportsQ1 2027
- Level of credit loss allowance and recovery of developer receivables2027
- Operating cash flow and need for additional financingnext 10-K
- Trend in closed-loop GMV and active agent count on the platform2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 May 2026; since then the company filed 6-K (29 Sept 2026), 6-K (28 Aug 2026), 6-K (24 Jul 2026).
The business
Fangdd Network Group Ltd. is a PropTech company based in Shenzhen, specialized in digitizing real estate transactions. Its core activity is an online marketplace connecting property sellers, agents, buyers and other participants, offering listings, SaaS tools and intelligent matching. The company operates through a VIE structure controlled by contractual arrangements, and its ADSs trade on Nasdaq under the symbol DUO.
Revenue comes from two sources: commissions paid by sellers and buyers when transactions close through the platform, and innovation initiatives including SaaS subscriptions and value-added services such as asset management. For closed transactions it charges base commissions, and for SaaS solutions software subscription fees. Fangdd reported a closed-loop gross merchandise value of RMB14.7 billion in 2025 and over 67.4 thousand active agents on its marketplace.
In recent years the company has reduced exposure to developers with high credit risk and shifted toward partners with stronger financial profiles, while expanding asset management services. Losses and negative operating cash flows show the business model is not yet profitable, and continuity depends on generating cash and accessing financing.
Segments
Property transaction commissions
This segment earns base commissions on transactions closed through the platform between buyers and sellers. Its revenue depends on the number of active agents and transaction volume, both influenced by Chinese property market support policies.
Innovation and value-added services
This segment includes SaaS solutions for agents and sellers, such as Property Cloud, and asset management services, billed through subscription, consulting and commission fees. The company presents it as a priority for diversifying revenue.
Platform ecosystem
This segment groups the property listings, database and matching tools that support both revenue streams. The source does not report it separately, so its contribution is described qualitatively.
Market context
The core market is China's real estate sector, where demand for private housing has grown steadily in recent years but with volatility in volumes and prices. The company points to slower Chinese economic growth and a prolonged downturn in real estate, while a series of preferential policies gave a modest stimulus in 2025.
Digitizing real estate transactions is an emerging segment in which acceptance of completing deals online remains a key factor. If adoption grows, platforms such as Fangdd could expand their agent and seller base, although competition and developer credit risks may limit that expansion.
Trends
- Policy support for the property marketmixed
Preferential policies, such as easier access to credit for developers and lower mortgage rates, contributed to the modest revenue growth in 2025. Their longer-term effect remains uncertain.
- Developer credit riskheadwind
Financial strain on developers has led to defaults on aged receivables, and the company has stepped up collection efforts including lawsuits. The pressure remains a risk factor for the company's balance sheet.
- Digitization of transactionstailwind
Growing acceptance of online transactions, combined with SaaS solutions and AI tools, could lower customer acquisition costs and raise platform efficiency.
- Cost reduction and exit from risky partnershipsmixed
The company cut headcount and ended cooperation with weak-credit developers, which improved revenue per employee but also reduced activity levels.
Competitive position
Fangdd operates in a segment of Chinese online real estate platforms where it competes with new entrants and established players offering property information and transaction services both offline and online. The source does not detail the company's market share.
Competitive risk is high, because losing part of its market share could materially affect the business. The company's stated advantages are brand recognition, its broad agent base and technology capabilities, which must be sustained continuously.
- Other online real estate platforms in China
The source generally mentions new and existing companies offering online and offline property information and transactions, without naming them.
- Offline real estate service providers
Competition also comes from traditional real estate service providers operating without a digital platform.
- New entrants in the PropTech sector
The company warns that new participants could enter the market and reduce Fangdd's market share.
- Real estate asset management platforms
The company is expanding its services in this area, where it competes with specialized providers that the source does not identify.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report (foreign issuer)29 Sept 2026
- Current report (foreign issuer)28 Aug 2026
- Current report (foreign issuer)24 Jul 2026
- Annual report (foreign issuer)06 May 2026
- Current report (foreign issuer)29 Dec 2025
- Current report (foreign issuer)24 Oct 2025
- Current report (foreign issuer)30 Sept 2025
- Current report (foreign issuer)29 Sept 2025
- Current report (foreign issuer)26 Sept 2025
- Current report (foreign issuer)29 Aug 2025
Sources
- [1] Form 20-F, fiscal year ended 2025-12-31 · SEC / Fangdd Network Group Ltd. · 06 May 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.