Jan 10, 2022 08:04 PM

BUSINESS

Real Estate Marketplace Fangdd Faces Nasdaq Delisting

By Niu Mujiangqu and Manyun Zou

The video screen on the Nasdaq stock exchange in Times Square in New York is decorated for the debut of the FangDD Network Group initial public offering on Nov. 1, 2019. Photo: IC Photo

The video screen on the Nasdaq stock exchange in Times Square in New York is decorated for the debut of the FangDD Network Group initial public offering on Nov. 1, 2019. Photo: IC Photo

The dwindling share price of Nasdaq-listed Fangdd Network Group Ltd. has led to a delisting warning, after the online real estate marketplace reported sharp losses amid China’s property market turbulence.

The warning was issued after its shares closed below $1 for 30 consecutive business days through Jan. 3, Fangdd said in a Friday statement issued before trading began.

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