Fangdd Network Group (ADR) (DUO)
Connects China’s property sellers, agents and buyers through marketplace software and asset-management services.
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Operates a China-focused marketplace that connects property sellers, agents and buyers, earning mainly commissions on closed transactions. SaaS tools and asset-management services support the marketplace, while the China operating business is controlled through contractual VIE arrangements.
Runs a China-focused real-estate transaction marketplace that connects property sellers, agents and buyers. Marketplace Services digitizes property data and pairs properties with agents; Duoduo Sales and the broader Duoduo suite give agents listings, buyer tools and operational analysis. Property Cloud lets developers and other sellers manage project and sales information.
Earns mainly transaction commissions when property sales close, while SaaS subscriptions and asset-management work add other fees. Asset-management services cover planning, tenant acquisition, property management and sales for non-residential assets. Revenue is generated substantially in China.
Operates through a Cayman holding company and contractual VIE arrangements supporting its China business. Transactions depend on agents, authentic listings, developer relationships and China’s housing market; the business is also subject to PRC real-estate, data, cybersecurity and foreign-investment rules.
Company facts
No analyst consensus on record.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $15.4M · Total debt $37.9K · Total assets $104.6M · Shareholders' equity $78.5M
- Revenue
- $8.6M
- Operating income
- −$1.9M
- Net income
- −$2.5M
Reported in CNY, converted at the latest exchange rate
No dividends on record.
| Institutions | 2.43% | 193.4K ADS | |
|---|---|---|---|
| 9 holders · as of Jun 30, 2026 | |||
| Insiders | 0.00% | 1 ADS | |
| 1 holder · as of Mar 18, 2026 | |||
| Other | 97.57% | 7.77M ADS | |
| remainder | |||
7.97M ADS (1 ADS = 375 ordinary shares) as of Aug 29, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
The share count is from the company's Dec 2022 annual report; nothing newer is on file here.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Citadel Advisors LLCInstitution | 1.18% | 94,150 A ADS | as of Jun 30, 2026 |
HRT Financial LPInstitution | 0.41% | 32,883 A ADS | as of Jun 30, 2026 |
Stifel Financial CorpInstitution | 0.25% | 20,000 A ADS | as of Jun 30, 2026 |
XTX Topco LtdInstitution | 0.24% | 18,998 A ADS | as of Jun 30, 2026 |
Two Sigma Securities, LLCInstitution | 0.17% | 13,866 A ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.



