KE Holdings denies investigation by China's market regulator
May.25,2021

KE Holdings Inc. ( NYSE: BEKE ), China's leading real-estate brokerage company, denies investigation by China's market regulator on Tuesday afternoon.

KE Holdings released a statement through its WeChat official account platform that, "it is false news reported by some foreign media about the company being investigated by China's market regulator."

On May 25, several media outlets cited Reuters news that China launches an antitrust probe into Tencent-backed property broker KE. After the news came out, KE Holdings has seen its U.S. stock fall more than 10% before the market opens.

In response, the company said it did not receive the relevant notice. And actually, the news was an old one that the State Administration for Market Regulation (SAMR) had mentioned various Internet platforms. All platforms, including KE, were cooperating to conduct the internal inspections.

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