BEKE

Ke Holdings Inc.

A Chinese platform for buying, selling, and renting homes, Ke Holdings (known as Beike) connects buyers and renters with real estate agents through an online marketplace backed by a vast network of physical stores. It grew out of Lianjia, a brokerage founded in 2001 by Zuo Hui, and launched the Beike platform in 2018 to open its listings to other brokerages. The name Beike means "seashell" in Chinese — a nod to the idea of a home as a protective shell for a family.

ADRUnderlying: BEKECUSIP: 482497104FinancialsCN2 holders

American Depositary Shares (each representing three Class A Ordinary Shares)

Ownership Activity Financials Filings

Schedule 13D / 13G filings

Baihui Partners L.P.

13D/AActivist

% of class24.7%

Shares849.60M

FiledAug 18, 2026

No change from the Statement.

Propitious Global Holdings Limited

13D/AActivist

% of class24.7%

Shares849.60M

FiledAug 18, 2026

No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.

Grain Bud Holding Limited

13D/AActivist

% of class24.7%

Shares849.60M

FiledAug 18, 2026

Z&Z Trust

13D/AActivist

% of class24.7%

Shares849.60M

FiledAug 18, 2026

ZHU Yan

13D/AActivist

% of class24.7%

Shares849.64M

FiledAug 18, 2026

Tencent Holdings Limited

13D/AActivist

% of class8.7%

Shares295.19M

FiledSep 30, 2025

Item 4 of the Schedule D is hereby amended and supplemented by adding the following before the sub-title named "General" in this Item: On February 10, 2025, Parallel Stellar surrendered 2 Class A Ordinary Shares of the Issuer. On September 30, 2025, Sunshine Peak, TPP I SPV and TPP II SPV, entities controlled by Tencent Plus Partners ("TPP"), executed a distribution plan of Class A Ordinary Shares they held through on-market transactions in the amount of 13,323,284 ADSs representing 39,969,852 Class A Ordinary Shares of the Issuer, and distributing the proceeds to their limited partners. TPP is under Tencent and facilitates collaboration with external capital partners by investing with Tencent. Tencent's interest (excluding TPP) in BEKE remains unchanged.

Tencent Mobility Ltd

13D/AActivist

% of class7.2%

Shares245.50M

FiledSep 30, 2025

Holder	Schedule	% of class	Shares	Filed
Baihui Partners L.P.	13D/AActivist	24.7%	849.60M	Aug 18, 2026
No change from the Statement.
Propitious Global Holdings Limited	13D/AActivist	24.7%	849.60M	Aug 18, 2026
No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.
Grain Bud Holding Limited	13D/AActivist	24.7%	849.60M	Aug 18, 2026
No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.
Z&Z Trust	13D/AActivist	24.7%	849.60M	Aug 18, 2026
No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.
ZHU Yan	13D/AActivist	24.7%	849.64M	Aug 18, 2026
No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.
Tencent Holdings Limited	13D/AActivist	8.7%	295.19M	Sep 30, 2025
Item 4 of the Schedule D is hereby amended and supplemented by adding the following before the sub-title named "General" in this Item: On February 10, 2025, Parallel Stellar surrendered 2 Class A Ordinary Shares of the Issuer. On September 30, 2025, Sunshine Peak, TPP I SPV and TPP II SPV, entities controlled by Tencent Plus Partners ("TPP"), executed a distribution plan of Class A Ordinary Shares they held through on-market transactions in the amount of 13,323,284 ADSs representing 39,969,852 Class A Ordinary Shares of the Issuer, and distributing the proceeds to their limited partners. TPP is under Tencent and facilitates collaboration with external capital partners by investing with Tencent. Tencent's interest (excluding TPP) in BEKE remains unchanged.
Tencent Mobility Ltd	13D/AActivist	7.2%	245.50M	Sep 30, 2025
Item 4 of the Schedule D is hereby amended and supplemented by adding the following before the sub-title named "General" in this Item: On February 10, 2025, Parallel Stellar surrendered 2 Class A Ordinary Shares of the Issuer. On September 30, 2025, Sunshine Peak, TPP I SPV and TPP II SPV, entities controlled by Tencent Plus Partners ("TPP"), executed a distribution plan of Class A Ordinary Shares they held through on-market transactions in the amount of 13,323,284 ADSs representing 39,969,852 Class A Ordinary Shares of the Issuer, and distributing the proceeds to their limited partners. TPP is under Tencent and facilitates collaboration with external capital partners by investing with Tencent. Tencent's interest (excluding TPP) in BEKE remains unchanged.