FangDD Announces Donation of Medical Equipment and Measures to Support Real Estate Agents Nationwide
March 06 2020 - 7:00AM
Fangdd Network Group Ltd. (NASDAQ: DUO) (“FangDD” or the
“Company”), a leading property technology company in China, today
announced a donation of approximately RMB1 million worth of medical
supplies and equipment to hospitals in China’s Hubei Province to
help combat the COVID-19 outbreak. The donation includes medical
safety glasses, sterile gloves, hazmat suits, and facemasks, all of
which were procured through international channels. In addition,
the Company implemented a series of measures to ensure a safe and
efficient operating environment for real estate agents and
customers on its platform.
As a technology-enabled platform, the Company
has always been committed to the development of an online real
estate transaction process for agencies and agents. For this
purpose, the Company launched online solutions to cover five key
elements in the transaction process, including property listings,
customer interactions, real estate agent services, transaction
management services, and payment of transaction service fees.
In response to the COVID-19 outbreak, FangDD has
accelerated the execution of its digitization strategy and
leveraged its technological capabilities to launch its Online Sales
Office service to support China’s real estate industry as well as
to improve the efficiency and user experience of online real estate
transactions. Currently, the service enables agents to provide
transaction services and book property transactions online through
property presentations in virtual reality, video, and dynamic
pictures. The Company’s decision to further develop its Online
Sales Office service in response to the outbreak has received a
warm market reception, enabling agents to connect with and provide
transaction services to customers, despite current travel
restrictions and quarantine measures.
The Company has also made its SaaS products,
primary property listing management system, and WeChat sales
applications available to all real estate agents in China free of
charge. As such, real estate agents across China are now able to
effectively manage their customers, properties, and transaction
processes by setting up online businesses through the Company’s
SaaS offerings. For real estate agencies, the Company’s Online
Sales Office service enables them to manage their customer traffic,
provide consultation and property showings to customers, and manage
the online deposit payment process. Furthermore, the Company has
utilized its extensive industry expertise and operational
experience to develop over one hundred online courses to help all
real estate agents and agency managers better adapt to evolving
market conditions. Notably, the Company has organized over 3,000
online streaming classes since the launch of these courses in
January.
“As the leading property technology company in
China, we are committed to empowering real estate transaction
services and upholding our social responsibilities,” commented Mr.
Yi Duan, Chairman and Chief Executive Officer of FangDD. “In
addition to donating medical supplies to hospitals in Hubei
Province, we immediately began to ramp up the digitization of our
product offerings following the outbreak. We made our SaaS products
free and available to the real estate industry in order to better
facilitate property transactions and launched our proprietary real
estate online sales solutions for real estate developers. Moreover,
we opened up access to our extensive catalog of online real estate
courses to the public as a means of improving the online service
conditions for real estate agents and agency managers. FangDD was
founded with the mission of making it easy for real estate agents
to do business and empowering them to achieve their dreams. In such
a time of crisis, it is of particular importance for us to maintain
our founding ethos and provide timely, effective support to all
real estate agents across the country.”
About FangDDFangdd Network
Group Ltd. (NASDAQ: DUO) (“FangDD” or the “Company”) is a leading
property technology company in China. Through innovative use of
mobile internet, cloud and big data, FangDD has fundamentally
revolutionized the way real estate agents conduct business through
a suite of modular products and services powered by technology.
FangDD operates China’s largest online real estate marketplace as
measured by the number of registered agents on its marketplace as
of December 31, 2018. Of the approximately 2.0 million real estate
agents in China, more than 911,000 were on its platform as of
December 31, 2018. For more information, please visit
http://ir.fangdd.com.
Safe Harbor StatementThis
announcement contains forward-looking statements. These statements
are made under the “safe harbor” provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “aim,”
“anticipate,” “believe,” “estimate,” “expect,” “hope,” “going
forward,” “intend,” “ought to,” “plan,” “project,” “potential,”
“seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,”
“should,” “is likely to” and the negative form of these words and
other similar expressions. Among other things, statements that are
not historical facts, including statements about FANGDD’s beliefs
and expectations, the business outlook and quotations from
management in this announcement, as well as FANGDD’s strategic and
operational plans, are or contain forward-looking statements.
Forward-looking statements involve inherent risks and
uncertainties. A number of factors could cause actual results to
differ materially from those contained in any forward-looking
statement, including but not limited to the following. The general
economic and business conditions in China may deteriorate. The
growth of Internet and mobile user population in China might not be
as strong as expected. FANGDD’s plan to attract new and retain
existing real estate agents, expand property listings, develop new
products and increase service offerings might not be carried out as
expected. FANGDD might not be able to implement all of its
strategic plans as expected. Competition in China may intensify
further. All information provided in this press release is as of
the date of this press release and are based on assumptions that we
believe to be reasonable as of this date, and FANGDD does not
undertake any obligation to update any forward-looking statement,
except as required under applicable law.
Investor Relations
ContactFangDDMs. Linda LiDirector, Capital Markets
DepartmentPhone: +86-0755-2699-8968E-mail:ir@fangdd.com
ICR, Inc.Jack WangPhone: +1(646) 308-1649E-mail:
FangDD@icrinc.com
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