DUO Faces Over 15% Decline in Pre-Market Trading Amid Hong Kong Real Estate Slump

Oct 08, 2024

Shares of Fangdd Network Group Ltd. (DUO, Financial), a prominent Chinese online real estate platform, have dropped over 15% in pre-market trading. This decline follows the recent significant downturn in Hong Kong-listed real estate stocks.

Despite previous gains, DUO has seen a dramatic decrease of over 50% in the past three days. The company is recognized as a leading internet technology provider in China, powered by a SaaS-enabled online real estate transaction platform.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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