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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.
In September 2014, the company was noted as "Beijing's largest real estate agency by market share" with 52% of the market, at which point it had 1,500 branches in eight cities. [1] On October 24, 2014, Homelink stopped the cooperation with "Fang.com" and lost part of real-estate information and resources. But it changed its brand name to "Lianjia".
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.
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In 2022, real estate trust defaults totalled 93 billion yuan ($13.1 billion), up slightly from 91.7 billion yuan ($12.9 billion) in 2021, according to Chinese data provider Use Trust.
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