Fangdd Expands into Parking Space Transaction Services
As a technology platform, Shenzhen Jinyiyun applies blockchain technologies in real estate supply chain management and inventory assets digitization. The development of blockchain-based parking space sales is one of Shenzhen Jinyiyun’s business focuses. As certain of our directors and officers are principal shareholders of Shenzhen Jinyiyun, the transactions between FangDD and Shenzhen Jinyiyun are related party transactions. The audit committee of FangDD’s board of directors has reviewed and approved the aforementioned transactions with Shenzhen Jinyiyun. The Company has already facilitated a number of parking space sales between agents on its platform and Shenzhen Jinyiyun. The Company intends to include more business partners for its parking space transaction services business in the future.
“The domestic market of parking space transaction services is a unique market with tremendous growth potential. The mismatch between parking space supply and demand in
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Source: Fangdd Network Group Ltd