Commitments and Contingencies |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| Commitments and Contingencies | 17. COMMITMENTS AND CONTINGENCIES Commitments As of June 30, 2026, the Group had neither significant financial nor capital commitment. Contingencies As of June 30, 2026, the Group was a party to an arbitration proceeding as detailed described in Notes 6. In connection with this matter, the Group had recognized a provision of RMB18.5 million (approximately US$2.7 million) for outstanding principal, accrued interest, and default interest accrued up to the balance sheet date, and had restricted cash of RMB17.4 million (approximately US$2.6 million) due to asset preservation measures on certain bank accounts. The Group concludes that the ultimate outcome of this arbitration could not have a material adverse effect on the Group's results of operations, consolidated financial condition, or cash flows. |