| Prepayments and other current assets |
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Prepayments and other current assets | Prepayments and other current assets consist of the following:
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As of |
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December 31,
2021 |
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June 30, 2022 |
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RMB |
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RMB |
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US$ |
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Receivables on behalf of third party advertising companies |
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(i |
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12,599 |
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4,902 |
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732 |
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11,410 |
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9,907 |
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1,479 |
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5,618 |
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3,725 |
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556 |
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Investment in a convertible loan |
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4,221 |
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4,463 |
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666 |
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Loans granted to equity investees |
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(ii |
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3,000 |
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5,000 |
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746 |
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919 |
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926 |
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138 |
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551 |
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1,635 |
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244 |
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Receivables from sales of shares on behalf of employees |
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180 |
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393 |
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59 |
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8,172 |
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3,287 |
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492 |
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Total prepayments and other current assets |
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46,670 |
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34,238 |
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5,112 |
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| (i) |
Starting from January 1, 2021, the Company has fully exited the Targeted Marketing business and this balance represents the receivables the Company acts as agent and collects on behalf of third party advertising companies for targeted marketing related services. |
| (ii) |
For the six months ended June 30, 2021 and 2022, the Company recognized impairment charges on loans granted to equity investees of nil and RMB666 (US$99). The Company evaluates the impairment of the equity investments without readily determinable fair value along with loans the Company granted to those investees. |
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