<SEC-DOCUMENT>0000950103-25-012568.txt : 20250930
<SEC-HEADER>0000950103-25-012568.hdr.sgml : 20250930
<ACCEPTANCE-DATETIME>20250930162339
ACCESSION NUMBER:		0000950103-25-012568
CONFORMED SUBMISSION TYPE:	144
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20250930
DATE AS OF CHANGE:		20250930

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			KE Holdings Inc.
		CENTRAL INDEX KEY:			0001809587
		STANDARD INDUSTRIAL CLASSIFICATION:	REAL ESTATE AGENTS & MANAGERS (FOR OTHERS) [6531]
		ORGANIZATION NAME:           	05 Real Estate & Construction
		EIN:				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:		251360779

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
		STREET 2:		NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		PROVINCE COUNTRY:   	F4
		ZIP:			100086
		BUSINESS PHONE:		861058104689

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		ORIENTAL ELECTRONIC TECHNOLOGY BUILDING
		STREET 2:		NO. 2 CHUANGYE ROAD, HAIDIAN DISTRICT
		CITY:			BEIJING
		PROVINCE COUNTRY:   	F4
		ZIP:			100086

REPORTING-OWNER:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Sunshine Peak Holding Ltd
		CENTRAL INDEX KEY:			0002086059
		ORGANIZATION NAME:           	
		EIN:				000000000
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		144

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNITS 501-505, 5/F,. THREE PACIFIC PLACE
		STREET 2:		1 QUEEN'S ROAD EAST, WANCHAI
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	F4
		ZIP:			00000
		BUSINESS PHONE:		852 3148-5100

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		UNITS 501-505, 5/F,. THREE PACIFIC PLACE
		STREET 2:		1 QUEEN'S ROAD EAST, WANCHAI
		CITY:			HONG KONG
		PROVINCE COUNTRY:   	F4
		ZIP:			00000
</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:com="http://www.sec.gov/edgar/common">
  <headerData>
    <submissionType>144</submissionType>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Sunshine Peak Holding Ltd -->
          <cik>0002086059</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>
        <com:street1>Oriental Electronic Tech Bldg</com:street1>
        <com:street2>2 Chuangye Rd Haidian Dist</com:street2>
        <com:city>Beijing</com:city>
        <com:stateOrCountry>F4</com:stateOrCountry>
        <com:zipCode>10086</com:zipCode>
      </issuerAddress>
      <issuerContactPhone>86-10-5810-4689</issuerContactPhone>
      <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Sunshine Peak Holding Limited</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
      <relationshipsToIssuer>
        <relationshipToIssuer>Shareholder</relationshipToIssuer>
      </relationshipsToIssuer>
    </issuerInfo>
    <securitiesInformation>
      <securitiesClassTitle>American Depository Shares -- each representing 3 ordinary shares (executed in connection with a fund distribution to partners)</securitiesClassTitle>
      <brokerOrMarketmakerDetails>
        <name>Merrill Lynch, Pierce, Fenner &amp; Smith Incorporated</name>
        <address>
          <com:street1>555 California Street, Suite 1800,</com:street1>
          <com:city>San Francisco</com:city>
          <com:stateOrCountry>CA</com:stateOrCountry>
          <com:zipCode>94104</com:zipCode>
        </address>
      </brokerOrMarketmakerDetails>
      <noOfUnitsSold>1200000</noOfUnitsSold>
      <aggregateMarketValue>23664000.00</aggregateMarketValue>
      <noOfUnitsOutstanding>0</noOfUnitsOutstanding>
      <approxSaleDate>09/30/2025</approxSaleDate>
      <securitiesExchangeName>NYSE</securitiesExchangeName>
    </securitiesInformation>
    <securitiesToBeSold>
      <securitiesClassTitle>American Depository Shares -- each representing 3 ordinary shares</securitiesClassTitle>
      <acquiredDate>08/17/2020</acquiredDate>
      <natureOfAcquisitionTransaction>Acquired during IPO.</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>KE Holdings Inc.</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>1200000</amountOfSecuritiesAcquired>
      <paymentDate>08/17/2020</paymentDate>
      <natureOfPayment>US$24 million</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>The sale of shares set forth herein is executed in connection with a fund distribution to Sunshine Peak Holding Limited's partners pursuant to the relevant fund agreement.</remarks>
    <noticeSignature>
      <noticeDate>09/30/2025</noticeDate>
      <signature>/s/ Li Zhaohui</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
