Fangdd.com is the first residential online real estate company in China to have a convergence service platform. The company uses an O2O business model in the Internet real estate market. Fangdd.com is committed to offering real estate developers, agents, home buyers and sellers a reliable real estate platform providing accurate information about properties, services and transactions.
Currently, Fangdd.com collaborates with over 5,000 brokerage firms. Combined, these firms make up more than 50,000 branches which contract around 500,000 agents. In addition, Fangdd.com works with numerous first-tier real estate companies including Vanke, Greenland, Poly, China Overseas Land & Investment and Longfor. In 2013, Fangdd.com's e-commerce platform was valued at $6.5 billion. In the first half of 2014, the transaction value exceeded $8.16 billion. The value for the entire year is expected to be more than $32.7 billion.
Fangdd.com launched its O2O super platform in August 2014. The goal of this platform is to provide the real estate industry with the technology and products that might be needed to create an open, cooperative, coexistent and mutually beneficial industrial pattern.
In 2013, Fangdd.com acquired millions of dollars in the A-round of financing. The next year, Fangdd.com went on to raise $80 million in the B-round. Currently, Fangdd.com reaches 40 cities nationwide and continues to expand rapidly. The innovative model has helped it win high approval from the industry and to take the lead in the O2O real estate sector.