Fangdd network to seek acquisitions

Fangdd network group ltd. (nasdaqgm:duo) will look for acquisitions. following its ipo of $105 million, the issuer plans to use 40% of the proceeds to improve research and product development, while also investing in its technology. about 20% will be put toward sales, marketing and branding. the balance will be used as working capital and for general corporate needs, such as funding potential investments and acquisitions businesses, assets and technology.
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