KE Holdings
贝壳
KE Holdings, known as 贝壳找房 (Beike / Shell Find Homes), is China's largest property transaction and services platform, which went public on the NYSE in August 2020 at $20 per ADS, raising $2.12 billion and becoming what Source Code Capital called the country's "first listed residential services platform" . By 2019 GTV, it ranked as China's second-largest commercial platform after Alibaba, with three core businesses: existing home transactions, new home transactions, and emerging services, targeting 300 million households . Source Code Capital, an early investor from the B round through later rounds, describes KE's model as a classic S2B2C (service-to-business-to-consumer) play . In May 2022, the company completed a dual primary listing in Hong Kong . Founder and chairman Zuo Hui framed the company's mission as creating new value across the full residential industry chain—spanning manufacturing, transaction, living, and financial services—through the combination of offline agent service and online data . The company has also expanded into rental services through its 贝壳租房 platform, launched after establishing a dedicated rental business group in November 2021 .
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