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Chinese Real-Estate Broker KE Holdings to Conduct Review Into Fraud Allegations – The Wall Street Journal

SINGAPORE—Chinese real-estate brokerage KE Holdings Inc. said on Friday that it would conduct an internal review into allegations of fraud made by a prominent U.S. short seller, and disputed the claims in the investment firm’s report.

A day earlier, Muddy Waters Capital LLC issued a 77-page report on New York-listed KE Holdings, which operates a popular online platform in China used by many real-estate agents, homeowners, buyers and individuals looking for apartment rentals. The firm collects fees for facilitating transactions involving new and secondhand homes, and has a unit that offers real-estate financing, home renovation, and property management services. KE Holdings is known as Beike—the Chinese word for “seashell.”

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