Fangdd Network Group (DUO) has released an update.
Fangdd Network Group Ltd., a property technology firm, reported a slight revenue dip of 8.8% year-on-year to RMB 140.0 million in the first half of 2024, while net income rose to RMB 16.4 million, reflecting a focused strategy on operational management and cost control amidst a real estate market downturn. The company’s closed-loop GMV saw a 24.9% decline due to selective project collaborations, but anticipates real estate market stabilization in the latter half of the year.
For further insights into DUO stock, check out TipRanks’ Stock Analysis page.
