Welcome to our dedicated page for Ke Holdings news (Ticker: BEKE), a resource for investors and traders seeking the latest updates and insights on Ke Holdings stock.
KE Holdings Inc. ("Beike") (NYSE: BEKE; HKEX: 2423) is described by the company as a leading integrated online and offline platform for housing transactions and services in China. News about KE Holdings frequently centers on its financial performance, platform development, and activities across existing and new home sales, home rentals, and home renovation and furnishing services.
Investors and observers following BEKE news can expect regular updates on unaudited quarterly financial results, where the company reports metrics such as gross transaction value for existing and new home transactions, net revenues by business line, and indicators of platform scale including numbers of stores, agents, and mobile monthly active users. Management commentary in these releases often discusses trends in housing transaction services, the contribution of non-housing transaction services, and the role of technology and AI in driving efficiency and service quality.
Company news also covers developments in home rental services, including growth in rental units under the Carefree Rent model and efforts to integrate AI into rental operations, as well as progress in home renovation and furnishing, where KE Holdings highlights product and delivery capabilities and initiatives such as community-focused model home showrooms.
In addition, BEKE news includes corporate actions and governance updates, such as the results of annual general meetings, authorizations related to share repurchase programs, and the filing of annual and ESG reports. For readers tracking the real estate and rental and leasing sector in China, this news feed provides ongoing insight into how KE Holdings describes its platform evolution, strategic priorities, and use of technology in residential services.
KE Holdings Inc. (BEKE) announced its Q2 2024 financial results, revealing a 19.9% increase in net revenues to RMB23.4 billion (US$3.2 billion). Gross transaction value (GTV) rose by 7.5% year-over-year to RMB839.0 billion (US$115.5 billion). Net income reached RMB1,900 million (US$262 million), a 46.2% year-over-year increase. Adjusted net income was RMB2,693 million (US$371 million).
Existing home transactions saw a 25.0% GTV increase to RMB570.7 billion (US$78.5 billion), while new home transactions dropped by 20.2% to RMB235.3 billion (US$32.4 billion). Home renovation and furnishing GTV increased by 22.3% to RMB4.2 billion (US$0.6 billion). The number of stores increased by 6.9% and mobile monthly active users averaged 49.7 million.
BEKE also upsized its share repurchase program from US$2 billion to US$3 billion, extending it to August 31, 2025.
KE Holdings Inc. (NYSE: BEKE; HKEX: 2423), known as Beike, a leading integrated online and offline platform for housing transactions and services, has announced it will report its unaudited financial results for the second quarter of 2024 on August 12, 2024, before the U.S. market opens. The company will hold an earnings conference call at 8:00 A.M. Eastern Time (8:00 P.M. Beijing Time) on the same day.
Participants can join the call using dial-in numbers after completing online registration at least 20 minutes before the scheduled start time. The company has provided separate registration links for the English line and Chinese Simultaneous Interpretation line (listen-only mode). A replay of the call will be available until August 19, 2024, and a live and archived webcast will be accessible on the company's investor relations website.
On June 14, 2024, KE Holdings Inc. (NYSE: BEKE; HKEX: 2423), a leading platform for housing transactions and services, announced the approval of all proposed resolutions at its annual general meeting in Beijing.
The resolutions include the re-election of Yongdong Peng and Yigang Shan as executive directors, and Jun Wu as an independent non-executive director.
The meeting also granted the company's directors the mandate to issue additional Class A ordinary shares and repurchase the company's own shares.
KE Holdings Inc. (NYSE: BEKE) announced its unaudited financial results for Q1 2024. The company reported a gross transaction value (GTV) of RMB629.9 billion, a 35.2% YoY decrease. Net revenues were RMB16.4 billion, down 19.2% YoY. Net income was RMB432 million, with adjusted net income at RMB1,392 million. The number of stores increased by 7.1% to 44,216, while the number of active agents dropped by 3.0% to 399,159. Mobile monthly active users rose to 47.7 million. The company emphasized its commitment to sustained growth through quality and efficiency and highlighted its innovative community mini-store models and customer engagement strategies. A significant share repurchase program of approximately US$220 million was executed in Q1 2024.
KE Holdings Inc., also known as Beike, will report its unaudited financial results for the first quarter of 2024 on May 23, 2024. The earnings conference call will be held at 8:00 A.M. Eastern Time on the same day. Participants can register online to join the call and access dial-in numbers and passcode. A replay of the call will be available until May 30, 2024. Both English and Chinese interpretation options are provided.
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