| Summary Information by Segment |
The following tables present summary information by segment:
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For the years ended December 31, 2025 |
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Internet Business |
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AI and others |
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Consolidated |
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RMB |
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RMB |
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RMB |
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US$ |
Revenues |
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615,281 |
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535,163 |
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1,150,444 |
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164,511 |
Operating costs and expenses |
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Cost of revenues(i) |
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106,606 |
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209,789 |
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316,395 |
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45,244 |
Selling and marketing(i) |
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220,312 |
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141,650 |
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361,962 |
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51,759 |
Research and development(i) |
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110,060 |
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234,899 |
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344,959 |
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49,328 |
Other segment items(i) |
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63,436 |
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223,295 |
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286,731 |
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41,001 |
Adjusted operating income/(losses) |
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114,867 |
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(274,470) |
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(159,603) |
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(22,821) |
Unallocated amounts-share based compensations |
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(19,840) |
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(2,838) |
Operating loss |
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(179,443) |
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(25,659) |
Reconciliation of operating loss |
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Interest income, net |
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30,629 |
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4,380 |
Foreign exchange gains (losses), net |
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30,783 |
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4,402 |
Other income |
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36,896 |
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5,276 |
Other expense |
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(145,548) |
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(20,813) |
Loss before income taxes |
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(226,683) |
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(32,414) |
(i)Share-based compensations were not allocated to segments. Total depreciation and amortization expenses of Internet Business and AI and others was RMB5,105 (US$730) and RMB142,130 (US$20,324), respectively, for the year ended December 31, 2025. Other segment items include general and administrative expenses, impairment of intangible assets, and other operating income, net allocated to the respective segments. Impairment of intangible assets of AI and others was RMB41,563 (US$5,943) for the year ended December 31, 2025.
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For the years ended December 31, 2024 |
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Internet Business |
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AI and others |
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Consolidated |
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RMB |
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RMB |
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RMB |
Revenues |
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517,188 |
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289,689 |
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806,877 |
Operating costs and expenses |
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Cost of revenues(i) |
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79,812 |
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181,789 |
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261,601 |
Selling and marketing(i) |
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200,945 |
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142,138 |
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343,083 |
Research and development(i) |
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115,476 |
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125,991 |
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241,467 |
Other segment items(i) |
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58,122 |
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313,758 |
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371,880 |
Adjusted operating income/(losses) |
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62,833 |
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(473,987) |
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(411,154) |
Unallocated amounts-share based compensations |
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(26,101) |
Operating loss |
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(437,255) |
Reconciliation of operating loss |
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Interest income, net |
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44,422 |
Foreign exchange gains (losses), net |
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(21,726) |
Other income |
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52,059 |
Other expense |
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(191,828) |
Loss before income taxes |
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(554,328) |
(i)Share-based compensations were not allocated to segments. Total depreciation and amortization expenses of Internet Business and AI and others was RMB2,512 and RMB48,941, respectively, for the year ended December 31, 2024. Other segment items include general and administrative expenses, impairment of goodwill, and other operating expenses allocated to the respective segments. Impairment of goodwill of AI and others was RMB152,890 for the year ended December 31, 2024.
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For the years ended December 31, 2023 |
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Internet Business |
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AI and others |
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Consolidated |
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RMB |
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RMB |
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RMB |
Revenues |
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450,134 |
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219,369 |
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669,503 |
Operating costs and expenses |
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Cost of revenues(i) |
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81,224 |
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150,346 |
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231,570 |
Selling and marketing(i) |
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146,404 |
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95,598 |
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242,002 |
Research and development(i) |
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113,646 |
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63,981 |
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177,627 |
Other segment items(i) |
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82,601 |
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111,986 |
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194,587 |
Adjusted operating income/(losses) |
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26,259 |
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(202,542) |
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(176,283) |
Unallocated amounts-share based compensations |
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(33,554) |
Operating loss |
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(209,837) |
Reconciliation of operating loss |
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Interest income, net |
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60,978 |
Foreign exchange gains (losses), net |
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(11,421) |
Other income |
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96,765 |
Other expense |
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(574,135) |
Loss before income taxes |
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(637,650) |
(i)Share-based compensations were not allocated to segments. Total depreciation and amortization expenses of Internet Business and AI and others was RMB3,925 and RMB31,337, respectively, for the year ended December 31, 2023. Other segment items include general and administrative expenses and other operating expenses allocated to the respective segments.
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