v3.25.2
Long-term investments (Tables)
6 Months Ended
Jun. 30, 2025
Long-term investments  
Schedule of long-term investments

    

December 31,

    

June 30, 

2024

2025

(Unaudited)

Equity investments:

 

  

 

  

Equity method investments (i)

 

1,275,287

 

864,085

Equity securities using fair value option (ii)

 

1,103,150

 

1,103,150

Equity securities without readily determinable fair value (iii)

 

504,282

 

500,771

Equity securities with readily determinable fair value

 

33,865

 

43,902

Debt investments:

 

 

Held-to-maturity debt securities – time deposit

 

12,086

 

13,142

Available-for-sale debt securities (iv)

 

173,918

 

175,407

Retained asset-backed securities (v)

23,419

10,273

Total

 

3,126,007

 

2,710,730

Schedule of equity securities without readily determinable fair value

December 31, 

June 30, 

    

2024

    

2025

(Unaudited)

Equity securities without readily determinable fair value:

 

  

 

  

Initial cost

 

417,497

 

417,497

Net cumulative fair value adjustments

 

86,785

 

83,274

Carrying value

 

504,282

 

500,771

Schedule of available-for-sale debt securities

    

December 31, 

    

June 30, 

2024

2025

(Unaudited)

Available-for-sale debt securities:

 

  

 

  

Initial cost

 

173,918

 

175,407

Net cumulative fair value adjustments

 

 

Carrying value

 

173,918

 

175,407