RTTNews | May 25, 2021 12:34PM EDT

12:33 Tuesday, May 25, 2021 (RTTNews.com) - Shares of Chinese online property firm KE Holdings Inc. (BEKE) are trading down 3 percent on Tuesday on news that China's antitrust watchdog has launched an investigation into the company.

According to reports, the State Administration for Market Regulation has opened a probe into whether KE Holdings forced developers to list housing information solely on its platforms like Lianjia and Beike.

The stock is currently trading at $49.84, down $2.16 or 3% on the NYSE.

BEKE has traded between $31.79 and $79.40 during the past 52 weeks.

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