Fangdd Network Group (DUO) has released an update.
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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.
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