Fangdd Network Group Ltd.

Fangdd Network Group Ltd. is a customer-oriented PropTech company based in China, providing real estate transaction digitalization services. The company operates an online marketplace for real estate transactions and related services within China. This marketplace connects real estate sellers, agents, buyers, and other participants, facilitating efficient real estate asset transactions at reduced costs. Fangdd offers one-stop digital real estate transaction services and a seamless transaction experience through its property listings, SaaS solutions, intelligent matching algorithms, and other real estate-related services. The company provides agencies and agents with innovative products and SaaS solutions to enhance their business operations, building a large agent network and accumulating real estate transaction service resources. For real estate sellers, Fangdd offers innovative and diversified digital marketing solutions and access to its agent network, helping them transition offline business online and improve transaction efficiency, thereby gathering property resources on the marketplace. The company also attracts real estate buyers and other participants by leveraging its property and asset resources and related services, continuously improving transaction efficiency and service capabilities with market insights, artificial intelligence, algorithms, and data. In 2025, the gross merchandise value (GMV) of closed-loop transactions facilitated on its marketplace was RMB14.7 billion (US$2.1 billion).