v3.26.1
Share-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Option Activity
The following table summarizes the option activity for the year ended December 31, 2025:
 
     Number of
options
     Weighted
average
exercise price
per option
     Weighted average
remaining
contractual life
     Aggregated intrinsic
Value
 
            (US$)      (years)      (US$)  
Outstanding as of December 31, 2024
     31,266,301        0.0114        7.03        120,175  
  
 
 
    
 
 
    
 
 
    
 
 
 
Granted
     7,805,926        0.0002        
Exercised
     (5,519,438      0.0002        
Forfeited
     (853,791      0.0002        
  
 
 
    
 
 
    
 
 
    
 
 
 
Outstanding as of December 31, 2025
     32,698,998        0.0109        6.97        106,728  
  
 
 
    
 
 
    
 
 
    
 
 
 
Exercisable as of December 31, 2025
     17,196,451        0.0206        5.35        55,965  
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted
The fair value of options granted was estimated on the date of grant using the Black-Sholes pricing model with the following assumptions used for grants during the applicable periods:
 
     Risk-free interest
rate of return
     Expected
term
     Volatility      Dividend
yield
    Exercise
price
(US$)
 
2023
     4.24%~5.66%        6 years        62.5%~66.1%        —        0.0002  
2024
     4.43%~5.22%        6 years        62.5%~64.2%        3.5     0.0002  
2025
     4.44%~5.21%        6 years        60.7%~62.3%        3.4 %~3.5%      0.0002  
Tantan Limited [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Option Activity
The following table summarizes the option activity for the year ended December 31, 2025:
 
     Number of
options
     Weighted
average exercise
price per option
     Weighted average
remaining
contractual life
     Aggregated
intrinsic Value
 
            (US$)      (years)      (US$)  
Outstanding as of December 31, 2024
     3,579,267        1.6883        4.59        —   
  
 
 
    
 
 
    
 
 
    
 
 
 
Repurchased
     (53,229      1.3083        
Forfeited
     (62,877      0.0001        
  
 
 
    
 
 
    
 
 
    
 
 
 
Outstanding as of December 31, 2025
     3,463,161        1.7227        4.74        —   
  
 
 
    
 
 
    
 
 
    
 
 
 
Exercisable as of December 31, 2025
     3,395,355        1.7517        4.72        —   
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted
The fair value of each option granted was estimated on the date of grant using the binomial tree pricing model with the following assumptions used for grants during the applicable periods:
 
    
Risk-free interest

rate of return
     Contractual term      Volatility      Dividend yield      Exercise price
(US$)
 
2023
     5.45%        10 years        56.6%        —         0.0001