On May 11, the digital service platform of China's housing industry$KE Holdings Inc.-W (02423.HK) $Officially listed on the Hong Kong Stock Exchange under the stock code "2423", it became the first Chinese stock to return to Hong Kong in the form of "dual major listing + introduction listing". On the morning of the 11th, KE Holdings Inc. completed the "cloud gong" at the company's headquarters on the premise of abiding by Beijing's epidemic prevention policy.

Peng Yongdong, co-founder, chairman and CEO of KE Holdings Inc., said at the listing ceremony: "Today, KE Holdings Inc. was successfully listed on the Hong Kong Exchanges and Clearing motherboard. Thanks to all the customers, service providers, partners and shareholders who believe in KE Holdings Inc., and thanks to Hong Kong Exchanges and Clearing for his guidance and support. From Lianjia to KE Holdings Inc., we have witnessed and participated in decades of changes in the residential field-technology to reshape the residential experience, the rise of service provider value, and as a leading online and offline integrated real estate trading and service platform, we see rising expectations of Chinese families for a better place to live. We believe that starting from the mission of 'dignified service, better housing', KE Holdings Inc. can make the future Chinese families live better! "

Since its inception, KE Holdings Inc. has digitally transformed and upgraded the core elements of the residential industry, such as people, things, and processes, relying on VR, artificial intelligence, big data and the Internet of things, taking the lead in creating industry infrastructure and standards in China's residential sector, and committed to improving the industry's operational efficiency, service quality and user experience, so as to promote the high-quality development of the residential industry.

In order to reach consumers in the field of residential services more widely and for a long time and provide high-quality and diversified supply, and to become a digital service platform for the residential industry to "make the home better", at the end of 2021, KE Holdings Inc. announced the strategic upgrade of "one body and two wings", that is, the real estate brokerage business group, and the "two wings" respectively.

At present, KE Holdings Inc. has successfully expanded horizontally from the real estate trading industry to home decoration, home decoration and other service areas based on online and offline integration, ACN as infrastructure and underlying operating system. In late April, KE Holdings Inc. announced that he had successfully completed the acquisition of Shengdu, a leading household decoration brand in China, laying a good foundation for the future horizontal decoration industry.

KE Holdings Inc. also actively responded to the policies of "housing speculation" and "rent and purchase", complied with the needs of the times, and explored a new business model of "housing, rent and purchase at the same time". After the establishment of the Huiju Business Group in November 2021, KE Holdings Inc. immediately launched the quality rental service platform "KE Holdings Inc. Rental Housing", driven by science and technology, through measures such as professional institutionalized operation, platform service guarantee, and empowerment of small and medium-sized enterprises, enhance the rental experience of various groups, including new urban citizens and young people, and explore new paths, new models and new methods for better rental housing by making use of scientific and technological capabilities and commercial resources.

CITIC research report pointed out that the KE Holdings Inc. listing plan to effectively protect the interests of shareholders, is expected to eliminate the uncertainty about the listing status. KE Holdings Inc. 's dual listing will provide investors with more choice of trading location and more flexible trading time, and will also help to introduce more domestic and foreign investors to improve the liquidity of the company's stock trading. Under the dual major listing plan, KE Holdings Inc. is more likely to be included in the index and Hong Kong Stock Connect if the trading volume and market capitalization of the HKEx reach a certain standard.

According to the financial report, KE Holdings Inc. 's annual turnover (GTV) in 2021 was 3.85 trillion yuan, an increase of 10.1 percent over the same period last year; operating income was 80.8 billion yuan, an increase of 14.6 percent over the same period last year; and adjusted net profit was 2.294 billion yuan. By the end of 2021, KE Holdings Inc. had cash and cash equivalents, restricted cash and short-term investments totaling 56.1 billion yuan.