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KE results show green shoots of recovery after real-estate winter

China’s top property broker insulated itself against a market downturn by expanding into home furnishings and rentals, helping it deliver a quarterly profit.

This article only represents the author's own views.

Towards the end of last year, many Chinese businesses were in deep hibernation as Covid controls cast a wintry chill on the economy. But a big name in the real-estate sector managed to pull off an earnings surprise in the final quarter and post a profit.

Leading residential property broker KE Holdings Inc. (BEKE.US; 2423.HK) reported a smaller than expected dip in revenues for the fourth quarter and managed to land in the black, lifted by a surge in income from its home improvement and rentals businesses.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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