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  "docSlug": "b32b6e967105",
  "documentTitle": "KE Holdings (BEKE)",
  "authorId": "51_Muddy_Waters",
  "authorName": "Carson C. Block",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-12-16 00:00:00",
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  "notes": "Evidence of potential fraudulent or inaccurate business registration data.",
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      "text": "According to the SAIC records, Branch No. 4 and 88 are registered on the same street, only two stores away. We visited these two branches' registered addresses. Yet we only found one Lianjia store (Branch 88). The location where Branch No. 4 should be is actually a restaurant.",
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      "text": "No Branch No. 4 But a Restaurant",
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      "text": "According to the SAIC records, Branch No. 4 and 88 are registered on the same street, only two stores away. We visited these two branches' registered addresses. Yet we only found one Lianjia store (Branch 88). The location where Branch No. 4 should be is actually a restaurant.",
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      "kind": "paragraph",
      "text": "The Baidu Map also confirms that the restaurant is located at Branch No. 4's registered address.",
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      "kind": "source-note",
      "text": "Source: Baidu Maps",
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      "kind": "source-note",
      "text": "Source: Site Visits, Q4 2021",
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      "text": "Example 3: SAIC Registrations Show Two Neighboring Lianjia Stores, But One is a Restaurant",
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      "kind": "title",
      "text": "The Restaurant Xiang Gu Li 's address on Baidu maps",
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      "evidence": "Repeated instances of contradictions and discrepancies in BEKE’s reporting",
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