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Chinese market regulator launches antitrust probe into Tencent-backed property broker KE

Chinese market regulator launches antitrust probe into Tencent-backed property broker KE
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR) against any abuse of market dominance and told to conduct self-inspections
Reuters | May 25, 2021 | Updated 15:50 IST
China s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said. The investigation is the latest into China s big so-called platform companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers. ....

New York , United States , Peng Yongdong , Zuo Hui , Tencent Holdings , Softbank Group Corp , Ke Holdings , Administration For Market Regulation , Alibaba Group , State Administration , Market Regulation , Beijing Homelink Real Estate Brokerage , Tencent Backed Property Broker , Tencent Ke , Ke Holdings Housing Platforms , Chinese Market Regulator , State Administration For Market Regulation , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , சாப்ட் பேங்க் குழு கார்ப் , கே ஹோல்டிங்ஸ் , அலிபாபா குழு , சந்தை ஒழுங்குமுறை , பெய்ஜிங் ஹோம்லிங்க் ரியல் எஸ்டேட் தரகு ,

EXCLUSIVE-China launches antitrust probe into Tencent-backed property broker KE -sources

By Reuters Staff
4 Min Read
BEIJING, May 25 (Reuters) - China’s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country’s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.
The investigation is the latest into China’s big so-called “platform” companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR), along with dozens of internet companies, against any abuse of market dominance and told to conduct self-inspections. ....

New York , United States , Tony Munroe , Yingzhi Yang , Muralikumar Anantharaman , Cheng Leng , Peng Yongdong , Zuo Hui , Thomson Reuters Trust Principles , Tencent Holdings , Softbank Group Corp , Ke Holdings , Administration For Market Regulation , Alibaba Group , State Administration , Market Regulation , Beijing Homelink Real Estate Brokerage , Thomson Reuters Trust , Beke Urgent , Anti Competitive Behavior , Asia Pacific , Corporate Events , Crime Law Justice , Company News , China Prc , East Asia ,

EXCLUSIVE China launches antitrust probe into Tencent-backed property broker KE -sources

ChinaEXCLUSIVE China launches antitrust probe into Tencent-backed property broker KE -sources
Reuters
5 minute read
A woman wearing a face mask following the coronavirus disease (COVID-19) outbreak rides past real estate broker Lianjia near a residential compound in Beijing, China August 11, 2020. Picture taken August 11, 2020. REUTERS/Tingshu Wang/File Photo
China s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings (BEKE.N), the country s biggest housing broker whose top backer is Tencent Holdings (0700.HK), two people who know of the matter said.
The investigation is the latest into China s big so-called platform companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers. ....

New York , United States , Peng Yongdong , Zuo Hui , Thomson Reuters Trust Principles , Tencent Holdings , Softbank Group Corp , Ke Holdings , Administration For Market Regulation , Alibaba Group , State Administration , Market Regulation , Beijing Homelink Real Estate Brokerage , Thomson Reuters Trust , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , சாப்ட் பேங்க் குழு கார்ப் , கே ஹோல்டிங்ஸ் , அலிபாபா குழு , சந்தை ஒழுங்குமுறை , பெய்ஜிங் ஹோம்லிங்க் ரியல் எஸ்டேட் தரகு , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,

Regulators launch antitrust probe into China's biggest property broker

BEIJING (Reuters) -China s market regulator has begun an investigation into suspected anti-competitive practices by KE Holdings, the country s biggest housing broker whose top backer is Tencent Holdings, two people who know of the matter said.
The investigation is the latest into China s big so-called platform companies that match sellers and buyers, several of which have been accused by regulators of exploiting consumers.
KE Holdings, which operates housing platforms Lianjia and Beike in China, was warned last month by the State Administration for Market Regulation (SAMR), along with dozens of internet companies, against any abuse of market dominance and told to conduct self-inspections. ....

New York , United States , Tony Munroe , Yingzhi Yang , Muralikumar Anantharaman , Cheng Leng , Peng Yongdong , Zuo Hui , Tencent Holdings , Softbank Group Corp , Ke Holdings , Administration For Market Regulation , Alibaba Group , State Administration , Market Regulation , Beijing Homelink Real Estate Brokerage , Companies Of China , Life Amp Health Insurance Nec , Professional Information Services Nec , Real Estate Services Nec , E Commerce Amp Auction Services , Investment Banking Amp Brokerage Services Nec , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , டோனி மன்ரோ , செங் லெங் ,

Founder of China's biggest online real estate platform passed away at 50

Founder of China’s biggest online real estate platform passed away at 50
May 21, 2021, 10:28
Zuo Hui, founder and chairman of China’s biggest online real estate listings and transactions platform Beike Zhaofang, has died. He was 50.
Zuo, China’s 15th-wealthiest man with a net worth estimated at US$14.8 billion, died of an “unexpected worsening of [his] illness,” according to filing to the New York Stock Exchange, where shares of Beike, also known as KE Holdings, are listed.
“We are very saddened by the passing of Mr Zuo and extend our deepest sympathies to Mr Zuo’s family. Mr Zuo was our visionary founder and leader, and a leading figure in China’s housing transactions and services industry … we will move forward to execute on our strategy and growth initiatives, pursue our mission of admirable service, joyful living,” the company’s chief executive Peng Yongdong said in a statement. ....

Beike Zhaofang , Peng Yongdong , Zuo Hui , University Of Chemical Technology , York Stock Exchange , Tencent Holdings , Masayoshi Son Softbank Group , South China Morning Post , New York Stock Exchange , Hillhouse Capital Group , Ke Holdings , Beijing University , Chemical Technology , Peking University , Beijing Lianjia Real Estate Brokerage , Beijing Homelink Real Estate , South China Morning , Real Estate , Zhonghuan Real Estate , Masayoshi Son , Softbank Group , பல்கலைக்கழகம் ஆஃப் இரசாயன தொழில்நுட்பம் , யார்க் ஸ்டாக் பரிமாற்றம் , தெற்கு சீனா காலை போஸ்ட் , புதியது யார்க் ஸ்டாக் பரிமாற்றம் , ஹில்ஹவுஸ் மூலதனம் குழு ,