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KE Holdings Inc. Announces First Quarter 2021 Unaudited Financial Results BEIJING , China , May 19 , 2021 - KE Holdings Inc. ( “ Beike ” or the “ Company ” ) ( NYSE : BEKE ) , a leading integrated online and offline platform for housing transactions and services , today announced its unaudited financial results for the first quarter ended March 31 , 2021 . Business Highlights for the First Quarter of 2021 • • Gross transaction value ( GTV ) ¹ was RMB1,069.6 billion ( US $ 163.3 billion ) , an increase of 224.2 % year - over - year . GTV of existing home transactions was RMB673.4 billion ( US $ 102.8 billion ) , an increase of 244.2 % year - over - year . GTV of new home transactions was RMB343.4 billion ( US $ 52.4 billion ) , an increase of 194.9 % year - over - year . GTV of emerging and other services was RMB52.7 billion ( US $ 8.1 billion ) , an increase of 197.3 % year - over - year . Net revenues were RMB20.7 billion ( US $ 3.2 billion ) , an increase of 190.7 % year - over - year . Net income was RMB1,059 million ( US $ 162 million ) . Adjusted net income² was RMB1,502 million ( US $ 229 million ) . Number of stores was 48,717 as of March 31 , 2021 , a 25.4 % increase from one year ago . • • Number of agents was 528,424 as of March 31 , 2021 , a 41.8 % increase from one year ago . Mobile monthly active users ( MAU ) ³ averaged 48.5 million , an increase of 78.2 % year - over - year . 1 GTV for a given period is calculated as the total value of all transactions which the Company facilitated on the Company's platform and evidenced by signed contracts as of the end of the period , including the value of the existing home transactions , new home transactions and emerging and other services , and including transactions that are contracted but pending closing at the end of period . 2 Adjusted net income ( loss ) is a non - GAAP financial measure , which is defined as net income ( loss ) , excluding ( i ) share - based compensation expenses , ( ii ) amortization of intangible assets resulting from acquisitions and business cooperation agreement , ( iii ) changes in fair value from long term investments , loan receivables measured at fair value and contingent consideration , and ( iv ) tax effects of the above non - GAAP adjustments . Please refer to the section titled " Unaudited reconciliation of GAAP and non - GAAP results " for details . 3 " Mobile monthly active users " or " mobile MAU " are to the sum of ( i ) the number of accounts that have accessed our platform through our Beike or Lianjia mobile app ( with duplication eliminated ) at least once during a month , and ( ii ) the number of Weixin users that have accessed our platform through our Weixin mini programs at least once during a month . Average mobile MAU for any period is calculated by dividing ( i ) the sum of the Company's mobile MAUS for each month of such period , by ( ii ) the number of months in such period . 1