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CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS
¥ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
$ / shares
shares
Dec. 31, 2018
CNY (¥)
¥ / shares
shares
Dec. 31, 2017
CNY (¥)
¥ / shares
shares
Dec. 31, 2016
CNY (¥)
¥ / shares
shares
Revenues        
Revenues $ 1,908,223 ¥ 13,119,990 ¥ 1,744,076 ¥ 504,864
Costs of revenues        
Total costs of revenues (422,551) (2,905,249) (722,830) (577,870)
Gross (loss)/profit 1,485,672 10,214,741 1,021,246 (73,006)
Sales and marketing expenses (1,955,031) (13,441,813) (1,344,582) (168,990)
General and administrative expenses (939,075) (6,456,612) (133,207) (14,793)
Research and development expenses (162,324) (1,116,057) (129,181) (29,421)
Impairment of a long-term investment   0 (10,000) 0
Total operating expenses (3,056,430) (21,014,482) (1,616,970) (213,204)
Operating loss (1,570,758) (10,799,741) (595,724) (286,210)
Interest income 85,076 584,940 80,783 4,460
Foreign exchange gain/(loss) 1,460 10,037 (11,547) 475
Changes in the fair value of warrant liability       (8,668)
Other (loss)/income, net (1,798) (12,361) 1,373 (2,034)
Loss before income tax (1,486,020) (10,217,125) (525,115) (291,977)
Net loss (1,486,020) (10,217,125) (525,115) (291,977)
Deemed distribution to certain holders of convertible preferred shares (11,708) (80,496)   (30,430)
Contribution from a holder of convertible preferred shares     26,413  
Net loss attributable to ordinary shareholders $ (1,497,728) ¥ (10,297,621) ¥ (498,702) ¥ (322,407)
Loss per share:        
Basic | (per share) $ (0.50) ¥ (3.47) ¥ (0.28) ¥ (0.18)
Diluted | (per share) $ (0.50) ¥ (3.47) ¥ (0.28) ¥ (0.18)
Shares used in loss per share computation        
Basic | shares 2,968,319,549 2,968,319,549 1,764,799,346 1,815,200,000
Diluted | shares 2,968,319,549 2,968,319,549 1,764,799,346 1,815,200,000
Other comprehensive income/(loss), net of tax of nil        
Foreign currency translation difference, net of tax of nil $ 154,008 ¥ 1,058,884 ¥ (47,681) ¥ 20,001
Comprehensive loss (1,332,012) (9,158,241) (572,796) (271,976)
Online marketplace services        
Revenues        
Revenues 1,908,223 13,119,990 1,740,691 48,276
Costs of revenues        
Total costs of revenues $ (422,551) ¥ (2,905,249) (719,778) (93,551)
Merchandise sales        
Revenues        
Revenues     3,385 456,588
Costs of revenues        
Total costs of revenues     ¥ (3,052) ¥ (484,319)