DUO: Fangdd's Plan to Return to Profitability Incudes a New SaaS Product for Real Estate Developers

By <_ahref3d_22_https3a_ scr.zacks.com="" analyst-bios="" person-details="" _default.aspx3f_itemid="92a314f9-9679-4853-bc6b-a29a82234bdc"">Lisa Thompson. Fangdd (NASDAQ:DUO) is working its way back to profitability from a pandemic-ravaged 2020 by cutting costs and introducing new higher margin services. Rather than matching subsidies for short-term low margin revenues the company plans to maintain it bases business at current levels and grow through its new SaaS offering.