| Schedule of Long-term investments |
Long-term investments consisted of the following:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Equity investments without readily determinable fair values (i) |
|
|
Equity investments with readily determinable fair values (ii) |
|
|
|
|
|
Equity method investments (iv) |
|
|
|
|
| Balance as of December 31, 2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
127,018 |
|
|
|
127,018 |
|
| Changes from debt investments to equity investments without readily determinable fair values (i) |
|
|
57,832 |
|
|
|
— |
|
|
|
(57,832 |
) |
|
|
— |
|
|
|
— |
|
| Investment loss |
|
|
(50,826 |
) |
|
|
(7,989 |
) |
|
|
(165,549 |
) |
|
|
— |
|
|
|
(224,364 |
) |
Share of results of equity method investees (iv) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
54,740 |
|
|
|
54,740 |
|
| |
|
|
— |
|
|
|
— |
|
|
|
(204,836 |
) |
|
|
— |
|
|
|
(204,836 |
) |
| Foreign currency translation |
|
|
— |
|
|
|
320 |
|
|
|
30,681 |
|
|
|
6,342 |
|
|
|
37,343 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Equity investments without readily determinable fair values (i) |
|
|
Equity investments with readily determinable fair values (ii) |
|
|
|
|
|
Equity method investments (iv) |
|
|
|
|
| Balance as of December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additions |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
144,237 |
|
|
|
144,237 |
|
| Investment loss |
|
|
(24,189 |
) |
|
|
(27,425 |
) |
|
|
(210,377 |
) |
|
|
— |
|
|
|
(261,991 |
) |
Share of results of equity method investees (iv) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
(29,069 |
) |
|
|
(29,069 |
) |
| Foreign currency translation |
|
|
— |
|
|
|
804 |
|
|
|
15,986 |
|
|
|
8,294 |
|
|
|
25,084 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Equity investments without readily determinable fair values (i) |
|
|
Equity investments with readily determinable fair values (ii) |
|
|
|
|
|
Equity method investments (iv) |
|
|
|
|
| Balance as of December 31, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Additions |
|
|
— |
|
|
|
— |
|
|
|
80,250 |
|
|
|
103,016 |
|
|
|
183,266 |
|
| Disposal |
|
|
— |
|
|
|
(82,357 |
) |
|
|
— |
|
|
|
— |
|
|
|
(82,357 |
) |
| Maturities of retained asset-backed notes and
securities |
|
|
— |
|
|
|
— |
|
|
|
(27,577 |
) |
|
|
— |
|
|
|
(27,577 |
) |
| Investment gain |
|
|
114,316 |
|
|
|
74,657 |
|
|
|
311,560 |
|
|
|
— |
|
|
|
500,533 |
|
Share of results of equity method investees (iv) |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
30,928 |
|
|
|
30,928 |
|
| Foreign currency translation |
|
|
— |
|
|
|
(1,636 |
) |
|
|
(26,807 |
) |
|
|
(16,507 |
) |
|
|
(44,950 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance as of December 31, 2025 |
|
|
288,133 |
|
|
|
69,015 |
|
|
|
1,371,630 |
|
|
|
794,259 |
|
|
|
2,523,037 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|