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Stock impact report

Fangdd Expands into Parking Space Transaction Services

Fangdd Network Group Ltd. - American Depositary Shares (DUO) 
Last fangdd network group ltd. - american depositary shares earnings: 3/31 05:00 am Check Earnings Report
Company Research Source: GlobeNewswire
SHENZHEN, China, Dec. 31, 2019 (GLOBE NEWSWIRE) -- Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”), a leading property technology company in China, today announced that it has expanded its business to include parking space sales on its platform.  The Company has entered into agreements with Shenzhen Jinyiyun Supply Chain Technology Co., Ltd. (“Shenzhen Jinyiyun”) and relevant real estate agents on its platforms, pursuant to which the Company leverages the real estate agents on its platform to provide parking space transaction services for Shenzhen Jinyiyun.  As a technology platform, Shenzhen Jinyiyun applies blockchain technologies in real estate supply chain management and inventory assets digitization.  The development of blockchain-based parking space sales is one of Shenzhen Jinyiyun’s business focuses.  As certain of our directors and officers are principal shareholders of Shenzhen Jinyiyun, the transactions between FangDD and Shenzhen Jinyiyun are relat Show less Read more
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