Fangdd Network Group Ltd., a property technology company in China, reported a 45.3% increase in revenue for the first half of 2025, reaching RMB203.4 million (US$28.4 million), compared to RMB140.0 million in the same period of 2024.

Fangdd shares soared over 40% in morning trading.

However, the company experienced a net loss of RMB39.2 million (US$5.5 million) for the first half of 2025, in contrast to a net income of RMB16.4 million for the same period in 2024. Non-GAAP net loss also stood at RMB39.2 million (US$5.5 million), down from a non-GAAP net income of RMB16.4 million in the previous year.

The total closed-loop GMV facilitated on the company's platform increased by 27.3% to RMB8.0 billion (US$1.1 billion) for the six months ended June 30, 2025, up from RMB6.2 billion in the first half of 2024. This growth was attributed to supportive government policies, improving market conditions in China's real estate sector, and the company's focus on core projects and strategic partnerships with reputable developers.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fangdd Network Group Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-25-082108), on August 29, 2025, and is solely responsible for the information contained therein.