EMPLOYEE BENEFIT PLANS |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| EMPLOYEE BENEFIT PLANS | |
| EMPLOYEE BENEFIT PLANS | 16.EMPLOYEE BENEFIT PLANS Full time employees of the Group in the PRC participate in a government-mandated defined contribution plan pursuant to which certain pension benefits, medical care, unemployment insurance, employee housing fund and other welfare benefits are provided to employees. PRC labor regulations require the Group to accrue for these benefits based on a certain percentage of the employees’ salaries. The total contribution for such employee benefits were RMB402 and RMB468 for the six months ended June 30, 2024 and 2025. The Group has no ongoing obligation to its employees subsequent to its contribution to the PRC plan. Furthermore, the Group pays contribution to governmental and private pension insurance organizations based on legal regulations in some countries out of China. The contributions are recognized as expense and amount RMB48 and RMB46 for the six months ended June 30, 2024 and 2025. |