<?xml version="1.0" encoding="UTF-8"?><edgarSubmission xmlns="http://www.sec.gov/edgar/schedule13D" xmlns:com="http://www.sec.gov/edgar/common">
  <schemaVersion>X0202</schemaVersion>
<headerData>
    <submissionType>SCHEDULE 13D/A</submissionType>
    <previousAccessionNumber>0001104659-21-097168</previousAccessionNumber>
    <filerInfo>
      <filer>
        <filerCredentials>
          <!-- Field: Pseudo-Tag; ID: Name; Data: Grain Bud Holding Ltd -->
          <cik>0001870503</cik>
          <ccc>XXXXXXXX</ccc>
        </filerCredentials>
      </filer>
      <liveTestFlag>LIVE</liveTestFlag>


    </filerInfo>
  </headerData>
  <formData>
    <coverPageHeader>
      <amendmentNo>5</amendmentNo>
      <securitiesClassTitle>Class A ordinary shares, par value US$0.00002 per share</securitiesClassTitle>
      <dateOfEvent>08/14/2026</dateOfEvent>
      <previouslyFiledFlag>false</previouslyFiledFlag>
      <issuerInfo>
        <issuerCIK>0001809587</issuerCIK>
        <issuerCusips>
          <issuerCusipNumber>482497104</issuerCusipNumber>
        </issuerCusips>
        <issuerName>KE Holdings Inc.</issuerName>
        <address>
          <com:street1>Oriental Electronic Technology Building</com:street1>
          <com:street2>No. 2 Chuangye Road, Haidian District</com:street2>
          <com:city>Beijing</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>100086</com:zipCode>
        </address>
      </issuerInfo>
      <authorizedPersons>
        <notificationInfo>
          <personName>Grain Bud Holding Limited</personName>
          <personPhoneNum>86 10 5810 4689</personPhoneNum>
          <personAddress>
            <com:street1>Luna Tower, Waterfront Drive, Road Town</com:street1>
            <com:city>Tortola</com:city>
            <com:stateOrCountry>D8</com:stateOrCountry>
            <com:zipCode>VG1110</com:zipCode>
          </personAddress>
        </notificationInfo>
      </authorizedPersons>
    </coverPageHeader>
    <reportingPersons>
      <reportingPersonInfo>
        <reportingPersonCIK>0001976800</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Propitious Global Holdings Limited</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>D8</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>849601280.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>849601280.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>24.7</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Represents 849,601,280 Class A ordinary shares held by Propitious Global Holdings Limited. Propitious Global Holdings Limited has executed and delivered an Irrevocable Proxy and Power of Attorney, as amended, pursuant to which Propitious Global Holdings Limited irrevocably authorized Baihui Partners L.P. to exercise the voting rights represented by all the 849,601,280 Class A ordinary shares held by Propitious Global Holdings Limited. Calculation of percentage is based on a total of 3,435,761,272 issued ordinary shares (consisting of 3,300,858,110 Class A ordinary shares and 134,903,162 Class B ordinary shares) of the Issuer as of August 14, 2026 as a single class, reported on the Issuer's current report on Form 6-K filed on August 17, 2026.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001870503</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>Grain Bud Holding Limited</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>D8</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>849601280.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>849601280.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>24.7</percentOfClass>
        <typeOfReportingPerson>CO</typeOfReportingPerson>
        <commentContent>Represents 849,601,280 Class A ordinary shares held by Propitious Global Holdings Limited, which is wholly owned by Grain Bud Holding Limited. Calculation of percentage is based on a total of 3,435,761,272 issued ordinary shares (consisting of 3,300,858,110 Class A ordinary shares and 134,903,162 Class B ordinary shares) of the Issuer as of August 14, 2026 as a single class, reported on the Issuer's current report on Form 6-K filed on August 17, 2026.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonNoCIK>Y</reportingPersonNoCIK>
        <reportingPersonName>Z&amp;Z Trust</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>D8</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>849601280.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>849601280.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>24.7</percentOfClass>
        <typeOfReportingPerson>OO</typeOfReportingPerson>
        <commentContent>Represents 849,601,280 Class A ordinary shares held by Propitious Global Holdings Limited, which is wholly owned by Grain Bud Holding Limited, which is in turn wholly owned by Z&amp;Z Trust. Calculation of percentage is based on a total of 3,435,761,272 issued ordinary shares (consisting of 3,300,858,110 Class A ordinary shares and 134,903,162 Class B ordinary shares) of the Issuer as of August 14, 2026 as a single class, reported on the Issuer's current report on Form 6-K filed on August 17, 2026.</commentContent>
      </reportingPersonInfo>
      <reportingPersonInfo>
        <reportingPersonCIK>0001865749</reportingPersonCIK>
        <reportingPersonNoCIK>N</reportingPersonNoCIK>
        <reportingPersonName>ZHU Yan</reportingPersonName>
        <fundType>OO</fundType>
        <legalProceedings>N</legalProceedings>
        <citizenshipOrOrganization>F4</citizenshipOrOrganization>
        <soleVotingPower>0.00</soleVotingPower>
        <sharedVotingPower>0.00</sharedVotingPower>
        <soleDispositivePower>849639740.00</soleDispositivePower>
        <sharedDispositivePower>0.00</sharedDispositivePower>
        <aggregateAmountOwned>849639740.00</aggregateAmountOwned>
        <isAggregateExcludeShares>N</isAggregateExcludeShares>
        <percentOfClass>24.7</percentOfClass>
        <typeOfReportingPerson>IN</typeOfReportingPerson>
        <commentContent>Represents (i) 38,460 Class A ordinary shares in the form of ADSs held by Oxygen Element Limited, which is wholly owned by the Reporting Person and (ii) 849,601,280 Class A ordinary shares held by Propitious Global Holdings Limited, which is wholly owned by Grain Bud Holding Limited. Grain Bud Holding Limited is wholly owned by Z&amp;Z Trust. Calculation of percentage is based on a total of 3,435,761,272 issued ordinary shares (consisting of 3,300,858,110 Class A ordinary shares and 134,903,162 Class B ordinary shares) of the Issuer as of August 14, 2026 as a single class, reported on the Issuer's current report on Form 6-K filed on August 17, 2026.</commentContent>
      </reportingPersonInfo>
    </reportingPersons>
    <items1To7>
      <item1>
        <securityTitle>Class A ordinary shares, par value US$0.00002 per share</securityTitle>
        <issuerName>KE Holdings Inc.</issuerName>
        <issuerPrincipalAddress>
          <com:street1>Oriental Electronic Technology Building</com:street1>
          <com:street2>No. 2 Chuangye Road, Haidian District</com:street2>
          <com:city>Beijing</com:city>
          <com:stateOrCountry>F4</com:stateOrCountry>
          <com:zipCode>100086</com:zipCode>
        </issuerPrincipalAddress>
        <commentText>The Statement on Schedule 13D originally filed with the Securities and Exchange Commission (the "Commission") on July 29, 2021 as amended and supplemented by (i) Amendment No. 1 filed with the Commission on July 29, 2021, (ii) Amendment No. 2 filed with the Commission on November 8, 2021, (iii) Amendment No. 3 filed with the Commission on December 30, 2021, and (iv) Amendment No. 4 filed with the Commission on May 18, 2022 (collectively, the "Statement"), is hereby further amended and supplemented by this Amendment No. 5 to Schedule 13D (the "Amendment"). Capitalized terms used herein and not otherwise defined have the meanings assigned to such terms in the Statement. Except as otherwise provided herein, each Item of the Statement remains unchanged.</commentText>
      </item1>
      <item2>
        <filingPersonName>No change from the Statement.</filingPersonName>
        <principalBusinessAddress>The registered office address of Propitious Global Holdings Limited and Grain Bud Holding Limited is Luna Tower, Waterfront Drive, Road Town, Tortola VG1110, British Virgin Islands. No other change from the Statement.</principalBusinessAddress>
        <principalJob>The registered office address of Propitious Global Holdings Limited and Grain Bud Holding Limited is Luna Tower, Waterfront Drive, Road Town, Tortola VG1110, British Virgin Islands. No other change from the Statement.</principalJob>
        <hasBeenConvicted>No change from the Statement.</hasBeenConvicted>
        <convictionDescription>No change from the Statement.</convictionDescription>
        <citizenship>No change from the Statement.</citizenship>
      </item2>
      <item3>
        <fundsSource>No change from the Statement.</fundsSource>
      </item3>
      <item4>
        <transactionPurpose>No change from the Statement. The securities beneficially owned by the Reporting Persons did no change in the past 60 days, and this Amendment is being filed to reflect a change in the beneficial ownership percentage of the Reporting Persons due to a change in the number of ordinary shares issued of the Issuer, following the completion of the Issuer's share repurchase and cancellation.</transactionPurpose>
      </item4>
      <item5>
        <percentageOfClassSecurities>Items 7 through 11 and Item 13 of each of the cover pages of this Statement for the Reporting Persons are incorporated herein by reference.</percentageOfClassSecurities>
        <numberOfShares>Items 7 through 11 and Item 13 of each of the cover pages of this Statement for the Reporting Persons are incorporated herein by reference.</numberOfShares>
        <transactionDesc>To the knowledge of the Reporting Persons, none of the Reporting Persons has effected any transactions in the Class A ordinary shares during the past 60 days.</transactionDesc>
      </item5>
    </items1To7>
    <signatureInfo>
      <signaturePerson>
        <signatureReportingPerson>Propitious Global Holdings Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ ZHU Yan</signature>
          <title>ZHU Yan, Director</title>
          <date>08/18/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Grain Bud Holding Limited</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Rustem Limited</signature>
          <title>Rustem Limited, Director</title>
          <date>08/18/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>Z&amp;Z Trust</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ Cantrust (Far East) Limited</signature>
          <title>Cantrust (Far East) Limited as Trustee of Z&amp;Z Trust</title>
          <date>08/18/2026</date>
        </signatureDetails>
      </signaturePerson>
      <signaturePerson>
        <signatureReportingPerson>ZHU Yan</signatureReportingPerson>
        <signatureDetails>
          <signature>/s/ ZHU Yan</signature>
          <title>ZHU Yan</title>
          <date>08/18/2026</date>
        </signatureDetails>
      </signaturePerson>
    </signatureInfo>
  </formData>
</edgarSubmission>
