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Beike responds to land acquisition in Xi'an: a 1+2 model diversified cooperation non independent development project. Two commercial and residential land parcels were listed and sold in Weiyang District, Xi'an City, with a total transaction price of approximately 134 million yuan. Both plots were acquired by Xi'an Jiajiazhihe Real Estate Co., Ltd., which is a subsidiary of Beihaojia (Xi'an) Property Development Co., Ltd. Regarding the acquisition of land in Xi'an, Beike stated that the "Wei 27th Street" project in Xi'an is a multi-party cooperation project of Beihaojia under the "1+2" model. According to the needs of the partners, Beihaojia provides C2M product positioning solutions based on big data support, as well as funding and marketing services, and is not an independently developed project. At present, Beihaojia is in the early exploration stage, focusing on cooperation opportunities in first and second tier cities in China.
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