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KE Holdings Inc. (KE; Chinese: 贝壳控股有限公司; pinyin: Bèiké Kònggǔ Yǒuxiàn Gōngsī) is a publicly listed Chinese real estate holding company that engages in the provision of an integrated online and offline platform for housing transactions and services through its subsidiaries.
Lianjia (Chinese: 链家), formerly called Homelink, is a Chinese real-estate brokerage company founded in 2001. As of 2019, it had approximately 6,000 brokerage offices and more than 120,000 brokers. [2] [unreliable source?] By the end of 2015, Lianjia had handled 700 billion yuan worth of real-estate transactions in total.
[4] [5] As of February 2013, Shimao Property Holdings Ltd. owned a bank of land totaling 36.2 million square meters, making it one of the top real estate developers in China in terms of land bank size. [3] [6] In April 2024, China Construction Bank (Asia) filed a petition over Shimao's failure to repay loans of HK$1.58 billion (US$203.06 ...
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The real estate market began to develop in earnest after 1998. [6]: 64 As of 2010, China's real estate market is the largest in the world. [7] [8] According to Bloomberg Economics estimates, the sector contributed to about 20% of China's GDP in 2023, [9] down from a peak of 24% in 2018.
In 2018, Evergrande became the most valuable real estate company in the world, [6] but by 2021 it had collapsed financially and started the Chinese property sector crisis. The company eventually filed for bankruptcy in the United States in 2023, [ 7 ] which was followed by a court-ordered liquidation in Hong Kong in January 2024.
But Xu Hang, co-founder of Chinese medical device manufacturer Mindray Medical, is on a real estate buying spree that would make a Saudi oil magnate blush. In the last few years, buyers connected ...