In April 2018, Zuo, Peng Yongdong and Shan Yigang launched Beike, an online platform that helps match customer to real estate agents.
Zuo came up with the idea of an agent cooperation network after studying multiple service listing systems in the U.S.[6] KE received financial backing from Tencent, SoftBank Group and Hillhouse Investment.
[13][14] Robbins Geller Rudman & Dowd LLP launched a class action lawsuit on behalf of investors against KE accusing its disseminating false and misleading Information.
In April 2024, judge Gregory H. Woods dismissed most of the shareholder case but stated there was some validity based on the report that KE's filings did contain false statements.
[15] In April 2022, KE was added to the U.S. Securities and Exchange Commission watchlist after failing afoul the Holding Foreign Companies Accountable Act.