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  "documentTitle": "KE Holdings (BEKE)",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-12-16 00:00:00",
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  "notes": "The slide uses a combination of a data table, photographic evidence, and a transcript of a field interview to expose data discrepancies.",
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      "text": "These are clearly the same store. However, both stores appear separately on BEKE’s platform.",
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      "kind": "paragraph",
      "text": "Agent: We have four stores. Previously, we had seven stores at the peak. Researcher: Which store are you now? Agent: We are Store No. 6. Agent: Because there was another store, but it was closed, now there is just store No. 1, No. 2 and No. 6.",
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      "kind": "paragraph",
      "text": "We visited the store in the fall of 2021 and saw Branch No. 15's business registration hanging on the wall. An agent at the store confirmed that the local Tianyangcheng Store No 2 (Branch No. 2) was closed and had merged with Tianyangcheng Store No. 6 (Branch No. 15).",
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      "kind": "paragraph",
      "text": "Transaction data collected from BEKE's platform shows 22 transactions from Branch No. 2 and the 35 transactions from Branch No. 15 between May and October. These impressive figures are significantly higher than other Lianjia stores in Langfang.",
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      "text": "Agent: Because there was another store, but it was closed, now there is just store No. 1, No. 2 and No. 6.",
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      "text": "34 May 25, 2021 to October 22, 2021",
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      "kind": "table",
      "text": "Branch Company Name, Registered Business Address & Location, BEKE Platform Store Name / Location, Physical Location",
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