Chinese property brokerage platform Beike reports robust H1 growth

BEIJING -- China's real estate brokerage platform Beike posted strong revenue growth in the first half of 2020 amid the COVID-19 epidemic thanks to its expanding agent network and online services.

It raked in 27.26 billion yuan (about $3.86 billion) in H1, up 39 percent year on year.

Its net profits soared over 188 percent to reach 1.61 billion yuan during the period.

By the end of June, some 456,000 brokers had joined the company's Agent Cooperation Network, which aims to boost cross-store and cross-brand collaboration in the sector.

The platform has enhanced online services, such as using virtual reality, to enable convenient property viewing for clients during the epidemic.