Contrarian Corpus
Muddy Waters vs. KE Holdings

KE Holdings · BEKE

1 deck published between 2021-12-16 and 2021-12-16 — 77 pages, 77 analysed slides total.

initial thesis

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2021-12-16 initial thesis

    2021 12 MW_BEKE_12162021

    77pp · research_note

    BEKE is systemic fraud: platform scraping and field work show new-home GTV inflated ~126%, revenues inflated 77-96%, with ghost stores, clone stores, and a sham acquisition masking the deception.