<?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: TPP Fund II Holding B Ltd -->
          <cik>0002086056</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>TPP Fund II Holding B 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>7737319</noOfUnitsSold>
      <aggregateMarketValue>152579931.00</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>12/19/2024</acquiredDate>
      <natureOfAcquisitionTransaction>Pro rata distribution.</natureOfAcquisitionTransaction>
      <nameOfPersonfromWhomAcquired>Parallel Stellar Investment Limited</nameOfPersonfromWhomAcquired>
      <isGiftTransaction>N</isGiftTransaction>
      <amountOfSecuritiesAcquired>7737319</amountOfSecuritiesAcquired>
      <paymentDate>12/19/2024</paymentDate>
      <natureOfPayment>Nil</natureOfPayment>
    </securitiesToBeSold>
    <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
    <remarks>The sale of shares set forth herein is executed in connection with a fund distribution to TPP Fund II Holding B Limited's partners pursuant to the relevant fund agreement.</remarks>
    <noticeSignature>
      <noticeDate>09/30/2025</noticeDate>
      <signature>/s/ Li Zhaohui</signature>
    </noticeSignature>
  </formData>
</edgarSubmission>
