Highlights from Fang Holding's Second Quarter Report

by Victoria Haviland
August 17, 2020

Second Quarter financial results are trickling in from companies all over the world. Today’s comes from Chinese leading real estate platform, Fang Holdings Limited, covering the half-year ended June 30, 2020. 

Highlights of the report include:

  • Total revenues: $66.8 million, a decrease of 1.5% from $67.8 million year-over-year
  • Operating income: $6.4 million, a decrease of 78.7% from $30.1 million year-over-year
  • Net income: $21.5 million, an increase of 321.6% from $5.1 million year-over-year
  • Income tax benefits: $19.5 million in the first half-year of 2020, an increase of 116.7% from $9.0 million year-over-year
  • Net loss: $19.4 million in the first half-year of 2020, compared to a net income of $18.5 million year-over-year

Other companies’ half-year reports we’ve covered include Q2 financial findings for Scout24, MercadoLibre, Zillow, Square Yards, and CoStar Group.

by Victoria Haviland
August 17, 2020
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get the famous, free Friday newsletter!

News and analysis to help build better online marketplace businesses, in your inbox, every Friday

Related News

Product Update 12Sept25
Product and Services Roundup: Realtor.com, Zillow, Bien'Ici, Leboncoin, SeLoger, Avito
  • Harvey Hancock
  • September 09, 2025

This week's Product Roundup starts in North America...   North America: Realtor.com introduces paid "Local Expert" agent profiles Realtor.com has...

Read More
floorfy acquisition 1
Floorfy Acquires Realisti.co
  • Harvey Hancock
  • September 09, 2025

The Spain-based proptech company Floorfy, which creates automated 3D tours, floor plans and video calls for real estate listings, has...

Read More
Zillow Court Ruling 2
Zillow 'Wiretapping' Lawsuit Thrown Out... For Now
  • Harvey Hancock
  • September 09, 2025

A class action lawsuit against Zillow, brought by a man against the portal for allegedly disclosing personally identifiable information, has...

Read More
People Roundup 12sep 3
People Roundup: CoStar Group, Cian
  • Harvey Hancock
  • September 09, 2025

Welcome to this week's People Roundup, starting in North America...   North America: CoStar Group appoints new VP for LoopNet...

Read More

Editor's Pick

‘An Odd Collection of Unrelated Assets’ - Is the Age of Portal Empire Building Over?
Opinion: 5 Things I’d Like to See More of on Real Estate Portals
CoStar's Homes.com May Not Need to Win Traffic Game to Out-Earn Zillow
Hemnet Still Playing Catch-up to REA Group When It Comes to Vendor Paid Advertising
Scout24 vs Rightmove: The Case for Diversifying Real Estate Portal Businesses
Why Zillow Is Inching Towards Commissions and Becoming a Brokerage via the Back Door
Follow us:
Everything you need to know about the proptech and real estate portal industry including news, analysis and reports. Find out about our renowned conferences that have been bringing together C-level leaders from around the world for 14 years.
info@onlinemarketplaces.com
Conference
Copyright ©. Online Market Places. All Rights Reserved