| Summary of year end balances with related parties |
| | | | | | | | | As of December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | | | | | | | (i) Due from related parties | | | | | | | Alibaba Group and Tencent Group* | | 81,496 | | 93,668 | | 72,409 | Others** | | 415,778 | | 260,043 | | 237,714 | | | 497,274 | | 353,711 | | 310,123 | | | | | | | | (ii) Due to related parties | | | | | | | Alibaba Group and Tencent Group* | | 263,646 | | 236,156 | | 110,072 | Others | | 67,727 | | 179,082 | | 32,155 | | | 331,373 | | 415,238 | | 142,227 |
* | On April 16, 2025, Alibaba Group was no longer considered a related party of the Group from and after that date. Therefore, the transaction balance with Alibaba Group was not related party transaction balance as of December 31, 2025. |
** | The Group entered into loan agreements with certain investees. Pursuant to these agreements, the Group’s balance of loans to investees was RMB314,573, RMB200,312, and RMB63,480 as of December 31, 2023, 2024, and 2025, respectively. |
|
| Summary of Key management compensation |
| | | | | | | | | For the Year Ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | | | | | | | | Fees | | — | | — | | — | Basic salaries, bonuses, social security and others | | 44,650 | | 36,605 | | 42,078 | Pension costs – defined contribution plans | | 530 | | 357 | | 255 | Share-based compensation expenses | | 372,708 | | 281,298 | | 114,330 | Total | | 417,888 | | 318,260 | | 156,663 |
|