v3.26.1
Bank Borrowings
12 Months Ended
Dec. 31, 2025
Bank Borrowings.  
Bank Borrowings

10. Bank Borrowings

Bank borrowings consist of the following:

As of December 31, 

  ​ ​ ​

2024

  ​ ​ ​

2025

RMB

RMB

Short-term bank borrowings

The PRC domestic commercial banks

9,513,958

10,374,971

Oversea commercial banks

559,448

Total

9,513,958

10,934,419

Long-term bank borrowings

The PRC domestic commercial banks

18,000

Total

18,000

The weighted average interest rates on short-term bank borrowings as of December 31, 2024 and 2025 were 1.20% and 1.13%, respectively. The weighted average interest rate on long-term bank borrowings as of December 31, 2025 was 2.40%.