| Related party transactions |
17. | Related party transactions |
The table below sets forth major related parties and their relationships with the Group: | | | Company Name | | Relationship with the Group | Tencent Holdings Limited and its subsidiaries (“Tencent Group”) | | Parent company of one of our ordinary shareholders | Shayu | | An investee of the Group | Equity method investees- talent agencies | | Talent agencies invested by the Group classified as EMI |
For the years ended December 31, 2023, 2024 and 2025, significant related party transactions were as follows: | | | | | | | | | Years ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Advertisement revenue derived from | | | | | | | Tencent Group | | 56,057,315 | | 24,052,614 | | 41,945,013 | Other revenue derived from | | | | | | | Tencent Group | | 4,249,801 | | 24,424,731 | | 17,823,286 | Equity method investees- talent agencies | | 2,542,300 | | 457,798 | | 361,519 | Total | | 6,792,101 | | 24,882,529 | | 18,184,805 | Bandwidth fees paid to | | | | | | | Tencent Group | | 138,960,405 | | 110,988,031 | | 41,218,368 | Revenue sharing fees and content cost paid to | | | | | | | Tencent Group | | — | | 26,299 | | 28,406 | Equity method investees- talent agencies | | 105,489,026 | | 12,492,874 | | 7,709,839 | Total | | 105,489,026 | | 12,519,173 | | 7,738,245 | Payment handling fees paid to | | | | | | | Tencent Group | | 22,256,354 | | 17,629,404 | | 16,104,119 | Virtual gifts purchased from | | | | | | | Tencent Group | | 116,032,260 | | 182,216,981 | | 262,346,948 | Content rights purchased from | | | | | | | Tencent Group | | 280,708,045 | | 161,933,140 | | 97,128,585 | Other fees paid to | | | | | | | Tencent Group | | 3,878,843 | | 687,250 | | 1,475,587 |
As of December 31, 2023, 2024 and 2025, the amounts due from/to related parties are as follows: | | | | | | | | | Years ended December 31, | | | 2023 | | 2024 | | 2025 | | | RMB | | RMB | | RMB | Amounts due from related parties | | | | | | | Tencent Group | | 63,862,287 | | 68,856,098 | | 86,880,699 | Shayu | | 4,989,300 | | 5,176,400 | | 4,577,910 | Equity method investees- talent agencies | | 142,193 | | 142,194 | | 142,193 | Total | | 68,993,780 | | 74,174,692 | | 91,600,802 | Amounts due to related parties | | | | | | | Tencent Group | | 234,483,995 | | 212,539,704 | | 103,710,615 | Equity method investees- talent agencies | | 16,908,031 | | 10,049,146 | | 8,595,919 | Total | | 251,392,026 | | 222,588,850 | | 112,306,534 |
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