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      "text": "BEKE's platform primarily generates revenues through commissions from the sale of new and existing homes through two networks of real estate brokerages...",
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      "text": "BEKE claims that as its market share of home transactions through its platform grows, this ballooning GTV will produce network effects allowing BEKE greater pricing power for fees and commissions. Management referred to such network effects as creating a “self-reinforcing virtual cycle of efficiency and stack scalability…” — BEKE, Q1 2021 Earnings Call, May 19, 2021.",
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      "text": "Source: BEKE August 2021 investor presentation",
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