Fangduoduo Formally Submitted Its Prospectus to The US SEC

Fangduoduo formally submitted its prospectus to The US SEC with the trading code DUO, making it possibly China’s first industry internet SaaS share.

According to the prospectus Fangduoduo took in ￥1.6 billion in the first half of 2019, a year-on-year growth of 55.4% from the ￥1billion in 2018. It made a net profit of ￥100 million, a year-on-year growth of 166.6% from the ￥37.63 million in 2018.