LOS ANGELES, Nov. 18, 2016 /PRNewswire/ -- On November 17 Los Angeles time , Red Herring, the globally-renowned technology magazine known as the weather vane in investment circles, announced the winners of the 2016 Red Herring Global Top 100. Shenzhen FangDuoDuo Internet Technology Co., Ltd., the mobile internet property transaction platform - is among the winners.
Red Herring, known for its focus on global innovation and technology companies, selects the most promising companies from around the world every year and issues awards to technology companies with great market potential in North America, Europe and Asia. Red Herring Global 100 has always been a highlight of Red Herring. In the past decades, world-renowned companies such as Google, Facebook, and eBay and China's Alibaba and Baidu have received the awards. This time Shenzhen FangDuoDuo Internet Technology Co., Ltd., hereinafter to be referred as FDD, has won the award with the achievements it has made in business model innovation. FDD breaks information barriers and solves users' problems FDD is a mobile internet property transaction platform that was founded in 2011. Since its founding, FDD, as an O2O enterprise representative in the vertical field, has been sought after by many investment circles. FDD's impact in the traditional property transaction chain with its business model innovation, has sparked heated discussions in the industry. The C-end users of the traditional second-hand housing market often complain about three things: first, they are unable to acquire true and efficient information; second, the broker's commission, which is 2% of the housing price, is way too high; and third, the services are of varying quality. To satisfy the users' needs, FDD initiated the "direct sale and direct purchase" model at the end of 2015. The model allows sellers and buyers to contact and trade without intermediary agents, which has broken the original information barrier. It adopts the lowest fee standard in the industry, helping C-end users save on trading costs. FDD has also provided a complete--process transaction service and a security guarantee to ensure user experience and transaction safety.