| Accounts receivables, net |
3. | Accounts receivables, net |
Components of accounts receivables are as follows: | | | | | | | As of December 31, | | | 2024 | | 2025 | | | RMB | | RMB | Receivables for logistics and warehousing services rendered | | 289,862 | | 255,400 | Receivables from payment platform | | 130,460 | | 215,538 | Trade receivables (Note a) | | 226,464 | | 220,640 | Others (Note b) | | 284,631 | | 217,046 | Subtotal | | 931,417 | | 908,624 | Allowance for doubt accounts: | | | | | Balance at beginning of the year | | (60,665) | | (16,259) | Write-offs | | 53,058 | | 9,983 | Provision | | (8,652) | | (13,128) | Allowance as of the end of the year | | (16,259) | | (19,404) | Accounts receivables, net | | 915,158 | | 889,220 |
Notes: | (a) | Trade receivables represent financing extended to certain customers when they select to pay for the online product purchases through installments. |
| (b) | Others mainly represent receivables from provision of rental, online promotion and advertising services, receivables from financing service fees and receivables from government subsidies for customers. |
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