Why This 'Redfin of China' Should Be on Your Stock Watch List
KE Holdings (NYSE: BEKE), commonly known as Beike Zhaofang, is China's biggest property technology company. Beike's two online platforms -- Lianjia and Beike -- facilitate real estate transactions matching home buyers and renters with owners and brokers, as well as add-on services like financing.
It made a big splash when it debuted on the New York Stock Exchange in August, opening at $35 a share versus its $20 IPO price. Since then, shares have risen as high as $79.40 (a 127% gain) and currently sit at around $63 a share (an 82% gain), valuing the company at $75 billion.
Beike looks off to a solid start, and investors should give it a closer look. Here's why.
Source Fool.com
