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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
CNY (¥)
Dec. 31, 2016
CNY (¥)
CASH FLOW FROM OPERATING ACTIVITIES        
Net loss $ (1,486,020) ¥ (10,217,125) ¥ (525,115) ¥ (291,977)
Depreciation and amortization 72,286 497,003 2,265 756
Impairment of long-term investment   0 10,000 0
Change in the fair value of warrant liability       8,668
Interest income (11,383) (78,267) (2,573)  
Loss on disposal of property and equipment 2 13 64  
Share-based compensation 995,066 6,841,573 13,380 4,064
Changes in operating assets and liabilities:        
Receivables from online payment platforms (23,186) (159,413) (77,891) (8,316)
Amounts due from related parties (83,793) (576,121) (350,265) (2,748)
Prepayments and other current assets (114,694) (788,577) (87,614) 98,715
Amounts due to related parties 58,477 402,056 51,081 (42,319)
Customer advances 19,639 135,029 54,299 (102,731)
Payables to merchants 1,081,727 7,437,415 8,721,721 1,091,603
Accrued expenses and other liabilities 271,130 1,864,153 318,363 (95,410)
Merchant deposits 350,547 2,410,188 1,558,613 219,472
Net cash flow generated from operating activities 1,129,798 7,767,927 9,686,328 879,777
CASH FLOW FROM INVESTING ACTIVITIES        
Purchase of short-term investments (1,093,211) (7,516,370) (1,393,000) (320,000)
Proceeds from sales of short-term investments 7,272 50,000 1,633,000 30,000
Purchase of long-term investments (26,854) (184,637)   (15,000)
Proceeds from disposal of a long-term investment 727 5,000    
Purchase of property and equipment (3,975) (27,331) (8,921) (2,301)
Proceeds from disposal of property and equipment 6 39 362  
Loan to a related party     (159,790)  
Repayment from a related party 23,240 159,790    
Loans to third parties, net of repayment (5,090) (35,000)    
Net cash flow (used in) / generated from investing activities (1,097,885) (7,548,509) 71,651 (307,301)
CASH FLOW FROM FINANCING ACTIVITIES        
Deemed distribution       (18,326)
Proceeds from initial public offering 1,727,866 11,879,944    
Initial public offering costs (51,823) (356,313)    
Proceeds from issuance of convertible preferred shares 847,148 5,824,568 1,446,906 511,911
Costs incurred for the issuance of convertible preferred shares (559) (3,842) (15,369) (7,047)
Repurchase of Class B ordinary shares     (32,677)  
Net cash flow generated from financing activities 2,522,632 17,344,357 1,398,860 486,538
Exchange rate effect on cash, cash equivalents and restricted cash 79,545 546,910 (47,681) 20,397
Net increase in cash, cash equivalents and restricted cash 2,634,090 18,110,685 11,109,158 1,079,411
Cash, cash equivalents and restricted cash at beginning of year 1,807,723 12,429,001 1,319,843 240,432
Cash, cash equivalents and restricted cash at end of year 4,441,813 30,539,686 12,429,001 1,319,843
Supplement disclosure of cash flow information:        
Interest received 63,034 433,390 52,150 3,992
Supplement disclosure of non-cash investing activities:        
Purchase of property and equipment included in accrued expenses and other liabilities 192 1,319 198  
Purchase of property and equipment included in prepayments, other receivables and other current assets 388 2,670    
Acquisition of intangible asset 414,860 2,852,370    
Reconciliation of cash, cash equivalents and restricted cash:        
Total cash, cash equivalents and restricted cash in the statements of cash flows $ 1,807,723 ¥ 12,429,001 ¥ 1,319,843 ¥ 240,432