v3.25.2
Other Payables and Accrued Liabilities
 6 Months Ended
Jun. 30, 2025
Other Payables and Accrued Liabilities [Abstract]  
OTHER PAYABLES AND ACCRUED LIABILITIES

6. OTHER PAYABLES AND ACCRUED LIABILITIES

 

   As of December 31,   As of
June 30,		 
   2024   2025 
   RMB   RMB   USD 
             
Payroll and welfare payables   128,521    85,480    11,933 
Other liabilities   13,367    5,899    823 
Proceed from PIPE investors   
-
    141,198    19,710 
Total   141,888    232,577    32,466 

 

The proceed from PIPE investors reflects 2,704,949 Class A ordinary shares that will be issued to the PIPE Investors pursuant to the PIPE Subscription Agreements, par value $0.0001 per share, at a price of $10.00 per share, for an aggregate purchase price of $27,049. As of June 30, the Company had received an aggregate subscription amount of RMB141,198(US$19,710) from PIPE investors.