v3.26.1
Investments in Affiliates
12 Months Ended
Dec. 31, 2025
Investments in Affiliates [Abstract]  
Investments in Affiliates

(10) Investments in Affiliates

  

As of December 31, 2024 and 2025, the Group’s investments in affiliates accounted for under the equity method were as follows:

 

   As of December 31, 
   2024   2025 
   RMB   RMB 
BGM (Note 2(i) and Note 3)   1,000,000    
 
HK JVs (Note 2(i))   4,683    
 
Total   1,004,683