v3.26.1
Investment income (loss), net (Details) - CNY (¥)
¥ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Investment income (loss), net      
Net fair value gain on treasury investments measured at FVTPL ¥ 223,402 ¥ 160,240 ¥ 84,350
Net fair value gain (loss) on other financial investments measured at FVTPL 118,087 295,243 (262,370)
Net fair value loss on contingent consideration assets (1,170) (127,227) (18,416)
Net fair value gain (loss) on financial liabilities measured at FVTPL 20,101 (514,692) 320,618
Impairment provision for investments (8,738) (662,722) (29,885)
Others, net 128,108 (46,153) (2,235)
Total ¥ 479,790 ¥ (895,311) ¥ 92,062