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.
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