<SEC-DOCUMENT>0001950047-23-005398.txt : 20231127
<SEC-HEADER>0001950047-23-005398.hdr.sgml : 20231127
<ACCEPTANCE-DATETIME>20231127161637
ACCESSION NUMBER:		0001950047-23-005398
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20231127
DATE AS OF CHANGE:		20231127

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KE Holdings Inc.
		CENTRAL INDEX KEY:			0001809587
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	001-39436
		FILM NUMBER:		231440434

	BUSINESS ADDRESS:	
		STREET 1:		ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
		STREET 2:		NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100086
		BUSINESS PHONE:		861058104689

	MAIL ADDRESS:	
		STREET 1:		ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
		STREET 2:		NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		STATE:			F4
		ZIP:			100086

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			H Capital XM, L.P.
		CENTRAL INDEX KEY:			0002000874
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144

	BUSINESS ADDRESS:	
		STREET 1:		C/O CAMPBELLS CORPORATE SERVICES LIMITED
		STREET 2:		FLOOR 4, WILLOW HOUSE, CRICKET SQUARE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9010
		BUSINESS PHONE:		891-088-7999

	MAIL ADDRESS:	
		STREET 1:		C/O CAMPBELLS CORPORATE SERVICES LIMITED
		STREET 2:		FLOOR 4, WILLOW HOUSE, CRICKET SQUARE
		CITY:			GRAND CAYMAN
		STATE:			E9
		ZIP:			KY1-9010
</SEC-HEADER>
<DOCUMENT>
<TYPE>144
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/ownership" xmlns:ns2="http://www.sec.gov/edgar/common">
    <headerData>
        <submissionType>144</submissionType>
        <filerInfo>
            <filer>
                <filerCredentials>
                    <cik>0002000874</cik>
                    <ccc>XXXXXXXX</ccc>
                </filerCredentials>
            </filer>
            <liveTestFlag>LIVE</liveTestFlag>



        </filerInfo>
    </headerData>
    <formData>
        <issuerInfo>
            <issuerCik>0001809587</issuerCik>
            <issuerName>KE HOLDINGS INC.</issuerName>
            <secFileNumber>001-39436</secFileNumber>
            <issuerAddress>
                <ns2:street1>ORIENTAL ELECTRONIC TECHNOLOGY BUILDING</ns2:street1>
                <ns2:street2>NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT</ns2:street2>
                <ns2:city>BEIJING</ns2:city>
                <ns2:stateOrCountry>F4</ns2:stateOrCountry>
                <ns2:zipCode>100086</ns2:zipCode>
            </issuerAddress>
            <issuerContactPhone>861058104689</issuerContactPhone>
            <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>H CAPITAL XM, LP</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
            <relationshipsToIssuer>
                <relationshipToIssuer>Director</relationshipToIssuer>
            </relationshipsToIssuer>
        </issuerInfo>
        <securitiesInformation>
            <securitiesClassTitle>ADS</securitiesClassTitle>
            <brokerOrMarketmakerDetails>
                <name>Morgan Stanley Smith Barney LLC Executive Financial Services</name>
                <address>
                    <ns2:street1>1 New York Plaza</ns2:street1>
                    <ns2:street2>38th Floor</ns2:street2>
                    <ns2:city>New York</ns2:city>
                    <ns2:stateOrCountry>NY</ns2:stateOrCountry>
                    <ns2:zipCode>10004</ns2:zipCode>
                </address>
            </brokerOrMarketmakerDetails>
            <noOfUnitsSold>350788</noOfUnitsSold>
            <aggregateMarketValue>5480641.55</aggregateMarketValue>
            <noOfUnitsOutstanding>1202102000</noOfUnitsOutstanding>
            <approxSaleDate>11/27/2023</approxSaleDate>
            <securitiesExchangeName>NYSE</securitiesExchangeName>
        </securitiesInformation>
        <securitiesToBeSold>
            <securitiesClassTitle>ADS</securitiesClassTitle>
            <acquiredDate>01/28/2019</acquiredDate>
            <natureOfAcquisitionTransaction>Private Acquisition from Issuer/Affiliate</natureOfAcquisitionTransaction>
            <nameOfPersonfromWhomAcquired>Issuer</nameOfPersonfromWhomAcquired>
            <isGiftTransaction>N</isGiftTransaction>
            <amountOfSecuritiesAcquired>350788</amountOfSecuritiesAcquired>
            <paymentDate>01/28/2019</paymentDate>
            <natureOfPayment>Cash</natureOfPayment>
        </securitiesToBeSold>
        <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
        <noticeSignature>
            <noticeDate>11/27/2023</noticeDate>
            <planAdoptionDates/>
            <signature>/s/ Xiaohong Chen</signature>
        </noticeSignature>
    </formData>
</edgarSubmission>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
