STOCK TITAN
  1. Home
  2. News
  3. DUO

Fangdd Network Group Ltd - DUO STOCK NEWS

Welcome to our dedicated news page for Fangdd Network Group (Ticker: DUO), a resource for investors and traders seeking the latest updates and insights on Fangdd Network Group.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Fangdd Network Group's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Fangdd Network Group's position in the market.

News
FangDD Files 2023 Annual Report on Form 20-F
Rhea-AI Summary
Fangdd Network Group (NASDAQ: DUO) has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission. The report is available on the company's website, and shareholders can request a hard copy for free.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.6%
Tags
none
-
News
Fangdd unveils 2024 strategic layout, aims to enter the real estate stock asset services sector
Rhea-AI Summary
Fangdd to Enter Trillion Dollar Real Estate Stock Asset Services Market in 2024
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.43%
Tags
none
-
News
FangDD Receives Nasdaq Notice Regarding Minimum Bid Price Requirement
Rhea-AI Summary
Fangdd Network Group Ltd. (Nasdaq: DUO) received a notification from Nasdaq stating that the company is not in compliance with the minimum bid price requirement, as the bid price of its American depositary shares (ADSs) closed below US$1 per share for the last 30 consecutive business days. The company has been granted a grace period of 180 calendar days until June 10, 2024, to regain compliance. If the closing bid price of the company’s ADSs is at least US$1 for a minimum of ten consecutive business days during this period, the company will regain compliance. The company intends to monitor the closing bid price of its ADSs and consider available options to cure the deficiency and regain compliance with the minimum bid price requirement under the Rule.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
none
News
FangDD Announces Management and Board Changes
Rhea-AI Summary
Fangdd Network Group Ltd. announced the resignation of Ms. Li Xiao as a board member and Vice President, effective November 2, 2023. The resignation was for personal reasons and not due to any disagreement. The company expressed its appreciation for Ms. Xiao's service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.99%
Tags
none
-
News
FangDD Reports First Half 2023 Unaudited Financial Results
Rhea-AI Summary
Fangdd Network Group Ltd. announces unaudited financial results for H1 2023. Revenue increased by 6.0% to RMB153.5 million ($21.2 million) compared to H1 2022. Net income was RMB9.4 million ($1.3 million) compared to a net loss of RMB192.1 million in H1 2022. Number of closed-loop agents decreased by 50.9% and total closed-loop GMV decreased by 25.5% to RMB8.3 billion ($1.1 billion). The decline in GMV was due to careful selection of new property projects and weak real estate market recovery. Gross profit increased by 321.1% to RMB19.8 million ($2.7 million) with a gross margin of 12.9%. Operating expenses decreased by 51.5%. Cash and cash equivalents of RMB144.5 million ($19.9 million) as of June 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
earnings
-
News
FangDD Regains Compliance with Nasdaq Minimum Bid Price Requirement
Rhea-AI Summary
FangDD regains compliance with Nasdaq's minimum bid price requirement
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.96%
Tags
none
News
FangDD to Hold an Extraordinary General Meeting of Shareholders on September 15, 2023
Rhea-AI Summary
Fangdd Network Group to hold extraordinary general meeting on September 15, 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.26%
Tags
none
-
News
FangDD Announces Plan to Implement ADS Ratio Change
Rhea-AI Summary
Fangdd Network Group Ltd. announces a change in the ratio of its American depositary shares (ADSs), which will have the same effect as a one-for-fifteen reverse ADS split. The change is expected to take place on August 4, 2023, and may result in an increase in the ADS price.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-11.46%
Tags
none
-
News
FangDD Announces US$8.0 Million Registered Direct Offering
Rhea-AI Summary
Fangdd Network Group announces a securities purchase agreement for a registered direct offering of 11,428,565 ADSs at a purchase price of US$0.70 per ADS. The offering is expected to raise approximately US$8.0 million for general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-52.47%
Tags
offering
News
FangDD Receives Nasdaq Notice Regarding Minimum Bid Price Requirements
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Stock DUO logo
Fangdd Network Group Ltd

Nasdaq:DUO

DUO Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

DUO Stock Data

1.53M
17.82B
0.55%
14.39%
0.6%
Real Estate Services
Real Estate
Link
China
Shenzhen

About DUO

fangdd.com is the first residential online real estate company in china to have a convergence service platform. the company uses an o2o business model in the internet real estate market. fangdd.com is committed to offering real estate developers, agents, home buyers and sellers a reliable real estate platform providing accurate information about properties, services and transactions. currently, fangdd.com collaborates with over 5,000 brokerage firms. combined, these firms make up more than 50,000 branches which contract around 500,000 agents. in addition, fangdd.com works with numerous first-tier real estate companies including vanke, greenland, poly, china overseas land & investment and longfor. in 2013, fangdd.com’s e-commerce platform was valued at $6.5 billion. in the first half of 2014, the transaction value exceeded $8.16 billion. the value for the entire year is expected to be more than $32.7 billion. fangdd.com launched its o2o super platform in august 2014. the goal of this