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  "documentTitle": "KE Holdings (BEKE)",
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  "authorName": "Carson C. Block",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-12-16 00:00:00",
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  "notes": "The slide uses screenshots of two different store pages to demonstrate that they are managed by the same team, despite being listed separately.",
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      "text": "Yet when we contacted Quanshuiwan Flagship C store, an agent told us that the A store and the C store are the same store.",
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      "text": "Webpage of Lianjia Quanshuiwan Flagship A store",
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      "text": "Webpage of Lianjia Quanshuiwan Flagship C store",
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      "text": "Yet when we contacted Quanshuiwan Flagship C store, an agent told us that the A store and the C store are the same store. The agent told our investigator that the reason the A and C stores were listed separately is because the store has two managers, and dividing the agents, listings and clients into two groupings under A and C makes it easier to keep track of the business of the respective managers operating out of the same store.",
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      "text": "For example, on BEKE’s platform Lianjia Quanshuiwan Flagship A store and Quanshuiwan C store are shown as separate stores with a different number of agents, a different number of clients serviced, and a different number of listings. On BEKE’s platform, these appear to be two separate stores.",
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