Fangdd Network Group

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Fangdd Network Group Ltd. is an investment holding company, which engages in the provision of real estate information services through its online platform. It also offers integrated marketing services for individual customers, real estate developers, and agents. The company was founded by Yi Duan, Xi Zeng, and Jian Cheng Li in October 2011 and is headquartered in Shenzhen, China.

SHENZHEN, China, Oct. 11, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (“FangDD” or the “Company”) (Nasdaq: DUO) today announced that the Company received a notification letter (the “Compliance Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”), dated October 10, 2024, indicating that the Company regained compliance with the minimum bid price requirement set forth under the Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).

FangDD Regains Compliance with Nasdaq Minimum Bid Price Requirement

SHENZHEN, China, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the “Purchase Agreement”) for the issuance and sale by the Company of US$4.5 million of Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$0.88 per share (or US$0.8794375 per pre-funded warrant), in a registered direct offering.

FangDD Announces Pricing of US$4.5 Million Registered Direct Offering

SHENZHEN, China, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the “Purchase Agreement”) for the issuance and sale by the Company of up to 3,125,000 Class A ordinary shares (or pre-funded warrants in lieu thereof), at a price of US$1.60 per share (or US$1.5994375 per pre-funded warrant), in a registered direct offering.

FangDD Announces Pricing of US$5.0 Million Registered Direct Offering

SHENZHEN, China, Oct. 01, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced that it has entered into a securities purchase agreement with certain investors (the “Purchase Agreement”) for the issuance and sale by the Company of 1,612,902 Class A ordinary shares (“Class A Ordinary Shares”), at a price of US$1.55 per share, in a registered direct offering.

FangDD Announces US$2.5 Million Registered Direct Offering of Class A Ordinary Shares

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SHENZHEN, China, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced further updates on its substitution listing plan.

FangDD Announces Further Updates on Its Substitution Listing Plan

SHENZHEN, China, Aug. 30, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2024.

FangDD Reports First Half 2024 Unaudited Financial Results

Fangdd Network (NASDAQ: DUO ) stock is rocketing higher on Friday alongside heavy pre-market trading of the investment holding company's shares. This has more than 19.6 million shares of DUO stock changing hands as of this writing.

Why Is Fangdd Network (DUO) Stock Up 288% Today?

SHENZHEN, China, April 19, 2024 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced that it 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 on April 19, 2024. The annual report can be accessed on the Company's website at http://ir.fangdd.com. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and holders of American depositary shares upon request.

FangDD Files 2023 Annual Report on Form 20-F

Fangdd Network (NASDAQ: DUO ) stock is heading higher on Monday after the company announced plans to enter the real estate stock asset services sector. Fangdd Network notes that the traditional real estate industry in China is reaching a point where it's switching from an incremental market to a stock market.

Why Is Fangdd Network (DUO) Stock Up 98% Today?

SHENZHEN, China, March 08, 2024 (GLOBE NEWSWIRE) -- Due to urbanization slowdown and per capita housing saturation in China, the traditional real estate industry is constantly shrinking in development scale, and the Chinese real estate market is gradually shifting from an "incremental market" to a "stock market". In the long term, stock assets will be continuously accumulated in scale and value, and the operation of stock assets will become increasingly significant, which will inevitably replace incremental real estate development as the main track. In the United States and Japan where the real estate markets are mature, a group of excellent asset service enterprises have emerged in the areas of long-term rental apartments, commercial real estate, and other stock assets. In response to this trend of the real estate industry, Fangdd plans to enter the trillion dollar market of real estate stock asset services and actively explore related business.

Fangdd unveils 2024 strategic layout, aims to enter the real estate stock asset services sector

SHENZHEN, China, Dec. 14, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced that it has received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated December 13, 2023, notifying that the Company is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (the “Rule”) as the bid price of the Company's American depositary shares (“ADSs”) closed below US$1 per share for the last 30 consecutive business days from October 31, 2023 to December 12, 2023. The Company has been granted a grace period of 180 calendar days until June 10, 2024 to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Company's ADSs is at least US$1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time.

FangDD Receives Nasdaq Notice Regarding Minimum Bid Price Requirement

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SHENZHEN, China, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented property technology company in China, today announced the resignation of Ms. Li Xiao as a member of the Company's board of directors (the “Board”) and Vice President of the Company, effective November 2, 2023. Ms. Xiao's resignation was for personal reasons and was not due to any disagreement with the Board, the Company or any of its affiliates on any matter relating to the Company's operations, policies or practices. The Company would like to take this opportunity to express its appreciation to Ms. Xiao for her service to the Company in the past years.

FangDD Announces Management and Board Changes

SHENZHEN, China, Aug. 25, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented property technology company in China, today announced its unaudited financial results for the six months ended June 30, 2023.

FangDD Reports First Half 2023 Unaudited Financial Results

Fangdd Network (NASDAQ: DUO ) stock is on the rise after the investment holding company announced an upcoming shareholder meeting. Fangdd Network is planning to hold a shareholder meeting on Sept.

Why Is Fangdd Network (DUO) Stock Up 48% Today?

SHENZHEN, China, Aug. 02, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it will hold an extraordinary general meeting (the “EGM”) of shareholders at Room 4106, Building 12B1, Shenzhen Bay Ecological Technology Park, Nanshan District, Shenzhen, People's Republic of China on September 15, 2023 at 10:00 am (Beijing time), for the purposes of considering and, if thought fit, passing the proposed resolution set forth in the notice of EGM (the “Notice of EGM”). The Notice of EGM and proxy card for the EGM are available on the Company's website at http://ir.fangdd.com/. The board of directors of FangDD fully supports the proposed resolution listed in the Notice of EGM and recommends that shareholders and holders of ADSs vote in favor of the resolution set out in the Notice of EGM.

FangDD to Hold an Extraordinary General Meeting of Shareholders on September 15, 2023

SHENZHEN, China, July 24, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented PropTech company in China, today announced that it will change the ratio of the American depositary shares (“ADSs”) representing its Class A ordinary shares from one (1) ADS representing three hundred and seventy-five (375) Class A ordinary share to one (1) ADS representing five thousand six hundred and twenty-five (5,625) Class A ordinary shares.

FangDD Announces Plan to Implement ADS Ratio Change

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SHENZHEN, China, July 17, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a customer-oriented PropTech company in China, today announced that it has entered into a securities purchase agreement (the “Purchase Agreement”) with certain investors for the issuance and sale by the Company in a registered direct offering of 11,428,565 American Depositary Shares, or ADSs, at a purchase price of US$0.70 per ADS, and regular warrants to purchase up to an aggregate of 11,428,565 ADSs.

FangDD Announces US$8.0 Million Registered Direct Offering

SHENZHEN, China, June 23, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”) today announced that it has received a written notification from The Nasdaq Stock Market LLC (“Nasdaq”) dated June 22, 2023, notifying that the Company is currently not in compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5450(a)(1) (the “Rule”) as the bid price of the Company's American depositary shares (“ADSs”) closed below US$1 per share for the last 30 consecutive business days from May 9, 2023 to June 21, 2023. The Company has been granted a grace period of 180 calendar days, expiring on December 19, 2023, in which to regain compliance. The Company will regain compliance if, at any time during this 180-day period, the closing bid price of the Company's ADSs is at least US$1 for a minimum of ten consecutive business days. In the event the Company does not regain compliance with the Rule within 180 calendar days, the Company may be eligible for additional time.

FangDD Receives Nasdaq Notice Regarding Minimum Bid Price Requirements

SHENZHEN, China, April 20, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a customer-oriented PropTech company in China, today announced that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2022 with the U.S. Securities and Exchange Commission on April 19, 2023. The annual report can be accessed on the Company's website at http://ir.fangdd.com. The Company will provide a hard copy of the annual report containing its audited consolidated financial statements, free of charge, to its shareholders and holders of American depositary shares upon request.

FangDD Files 2022 Annual Report on Form 20-F

SHENZHEN, China, March 16, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or “the Company”), a leading property technology company in China, today announced its unaudited financial results for the three months and the year ended December 31, 2022.

FangDD Reports Fourth Quarter and Full Year 2022 Unaudited Financial Results

SHENZHEN, China, March 02, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it has entered into securities purchase agreements with certain investors (the “Purchase Agreements”) for the issuance and sale by the Company of an aggregate of 1,000,000 American depositary shares (“ADSs”), each representing 375 Class A ordinary shares of the Company, at a purchase price of US$0.6208 per ADS, in a registered direct offering.

FangDD Announces US$620,800 Registered Direct Offering of American Depositary Shares

SHENZHEN, China, Jan. 13, 2023 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (Nasdaq: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it had entered into a convertible note purchase agreement, under which the Company will sell and issue a convertible promissory note in a principal amount of US$21 million (the “Note”) to an investor through private placement. The closing of the transactions is subject to the satisfaction of customary closing conditions and is expected to take place in February 2023.

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