Short-Term Investment |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Short-Term Investment [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHORT-TERM INVESTMENT | 3. SHORT-TERM INVESTMENT
Short-term investment consisted of the following:
The Company’s short-term investment represents subscription of participating shares in a segregated portfolio Company (“the Funds”) with a total subscription amount of RMB121.5 million and RMB 121.5 million (US$17.9 million) as of December 31, 2025 and June 30, 2026, respectively. The Funds were redeemable upon demand at the net asset value of the Fund. The Funds primarily invests in US Treasuries and cash management product. For the year ended December 31, 2025, and period ended June 30, 2026, there were no gross unrealized holding losses. |
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