Ke.com
Platform that enables real estate agents to list second-hand property, new property, and rental property.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor investor | €0.0 Valuation: €0.0 1.6x EV/Revenue 4037.3x EV/EBITDA | round | |
| investor investor investor investor | €0.0 Valuation: €0.0 2.3x EV/Revenue 5644.4x EV/EBITDA | round | |
| investor investor investor investor | €0.0 | round | |
| N/A | $2.1b | IPO | |
| Total Funding | 000k | ||
| CNY | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 15 % | (25 %) | 28 % | 20 % | 14 % | 12 % | 12 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | - | 1 % | 11 % | 8 % | 9 % | 10 % | 11 % |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (1 %) | (2 %) | 8 % | 4 % | 5 % | 6 % | 6 % |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 4 % | 4 % | 2 % | 2 % | - | - | - |
Source: Company filings or news article, Equity research estimates
Related Content
KE Holdings Inc., operating as Beike, has established a significant presence in China's real estate sector since its inception. The company was founded in 2001 by Zuo Hui, who served as the chairman until his passing in May 2021. Peng Yongdong, who has been with the company since the Aihwu-Aiwu merger in 2018 and has a background as an R&D director at IBM, currently leads the firm as Chairman and CEO. Stanley Zhaodong Peng also holds key leadership positions. A pivotal moment in the company's history was its initial public offering on the New York Stock Exchange in August 2020, which raised approximately $2.12 billion, followed by a dual listing on the Hong Kong Stock Exchange in May 2022.
The firm operates an integrated online and offline platform for housing transactions and services, effectively creating a comprehensive ecosystem for the real estate market. Its business model revolves around connecting homebuyers and sellers with real estate agents and brokerages, facilitating transactions from new and existing home sales to rentals. Revenue is primarily generated through commissions on these transactions. Beike's platform is designed to improve the efficiency and transparency of the real estate process for all parties involved. The company serves a wide range of clients, including individual homebuyers, renters, property sellers, real estate brokerage firms, and new home developers across China.
At the core of its service offering is the Agent Cooperation Network (ACN), which underpins its platform by enabling different agents and brokerages to share resources and collaborate on transactions. This network aims to standardize industry practices and enhance the quality of service. For consumers, Beike provides access to a vast and verified database of property listings, complete with detailed information and virtual reality viewing options. This focus on technology and data, combined with its extensive offline brokerage network, forms the company's key value proposition in a competitive market. The platform also offers a suite of related services, such as financial solutions and home renovation services, further integrating itself into the homeownership lifecycle.
Keywords: real estate platform, proptech, housing transactions, brokerage network, property listings, real estate services, online-to-offline, Agent Cooperation Network, home renovation, real estate finance
Tech stack
Investments by Ke.com
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