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                              July 31, 2023

       PENG Yongdong
       Chief Executive Officer
       KE Holdings Inc.
       Oriental Electronic Technology Building
       No. 2 Chuangye Road, Haidian District
       Beijing 100086
       People   s Republic of China

                                                        Re: KE Holdings Inc.
                                                            Form 20-F for the
Fiscal Year Ended December 31, 2022
                                                            File No. 001-39436

       Dear PENG Yongdong:

              We have limited our review of your filing to the submission
and/or disclosures as
       required by Item 16I of Form 20-F and have the following comments. In
some of our comments,
       we may ask you to provide us with information so we may better
understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 20-F for the Fiscal Year Ended December 31, 2022

       Item 16I. Disclosure Regarding Foreign Jurisdictions that Prevent
Inspections, page 191

   1.                                                   We note your statement
that you reviewed your register of members and public filings
                                                        made by your
shareholders in connection with your required submission under paragraph
                                                        (a). Please
supplementally describe any additional materials that were reviewed and tell us
                                                        whether you relied upon
any legal opinions or third party certifications such as affidavits
                                                        as the basis for your
submission. In your response, please provide a similarly detailed
                                                        discussion of the
materials reviewed and legal opinions or third party certifications relied
                                                        upon in connection with
the required disclosures under paragraphs (b)(2) and (3).
 PENG Yongdong
FirstName  LastNamePENG Yongdong
KE Holdings   Inc.
Comapany
July       NameKE Holdings Inc.
     31, 2023
July 31,
Page  2 2023 Page 2
FirstName LastName
2.       We note that your disclosures pursuant to paragraph (b) are limited to
yourself and the
            VIEs in China   , but excluding other non-VIE subsidiaries in PRC,
Cayman Island,
         British Virgin Island and Hong Kong according to exhibit 8.1. Please
note that Item 16I(b)
         requires that you provide disclosures for yourself and your
consolidated foreign operating
         entities, including variable interest entities or similar structures.
With respect to (b)(2),
         please supplementally clarify the jurisdictions in which your
consolidated foreign
         operating entities are organized or incorporated and confirm, if true,
that you have
         disclosed the percentage of your shares or the shares of your
consolidated operating
         entities owned by governmental entities in each foreign jurisdiction
in which you have
         consolidated operating entities. Alternatively, please provide this
information in your
         supplemental response. Please also make corresponding representations,
if true, with
         respect to (b)(3), (4) and (5), or provide this information in your
supplemental response.
3.       In order to clarify the scope of your review, please supplementally
describe the steps you
         have taken to confirm that none of the members of the board of you or
your consolidated
         foreign operating entities are officials of the Chinese Communist
Party. For instance,
         please tell us how the board members    current or prior memberships
on, or affiliations
         with, committees of the Chinese Communist Party factored into your
determination. In
         addition, please tell us whether you have relied upon third party
certifications such as
         affidavits as the basis for your disclosure.
4.       With respect to your disclosure pursuant to Item 16I(b)(5), we note
that you have included
         language that such disclosure is    to our knowledge   . Please
supplementally confirm
         without qualification, if true, that your or your consolidated foreign
operating entities
         articles do not contain wording from any charter of the Chinese
Communist Party.
        We remind you that the company and its management are responsible for
the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action
or absence of
action by the staff.

       Please contact Kyle Wiley at (202) 344-5791 or Andrew Mew at (202)
551-3377 with
any other questions.



                                                               Sincerely,

                                                               Division of
Corporation Finance
                                                               Disclosure
Review Program
cc:      Yuting Wu