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Condensed Financial Information of the Company (Tables) | 12 Months Ended
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Dec. 31, 2019
Condensed Financial Information of the Company |
Condensed balance sheets of parent company | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2018 | ​ | 2019
​ |  | RMB |  | RMB |  | US$
ASSETS | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Current assets | ​ | ​ | ​ | ​ | ​ | ​
Cash and cash equivalents | ​ | 5,541,746 |  | 661,714 |  | 95,049
Short-term investments | ​ | 6,260,689 | ​ | 6,157,221 | ​ | 884,429
Prepayments and other current assets | ​ | 18,789 |  | 17,906 |  | 2,572
Total current assets | ​ | 11,821,224 |  | 6,836,841 |  | 982,050
Non-current assets | ​ | ​ | ​ | ​ | ​ | ​
Intangible asset | ​ | 2,579,338 | ​ | 1,994,292 | ​ | 286,462
Investments in subsidiaries, the VIE and subsidiaries of the VIE | ​ | 4,440,777 |  | 21,053,370 |  | 3,024,127
Total non-current assets | ​ | 7,020,115 |  | 23,047,662 |  | 3,310,589
Total assets | ​ | 18,841,339 |  | 29,884,503 |  | 4,292,639
​ | ​ | ​ | ​ | ​ | ​ | ​
LIABILITIES AND SHAREHOLDERS' EQUITY | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Current liabilities | ​ |  |  |  |  | ​
Accrued expenses and other liabilities | ​ | 18,745 |  | 23,566 |  | 3,385
Total current liabilities | ​ | 18,745 |  | 23,566 |  | 3,385
​ | ​ | ​ | ​ | ​ | ​ | ​
Convertible bonds | ​ | — |  | 5,206,682 |  | 747,893
Other non-current liabilities | ​ | — |  | 7,389 |  | 1,061
Total non-current liabilities | ​ | — |  | 5,214,071 |  | 748,954
Total liabilities | ​ | 18,745 |  | 5,237,637 |  | 752,339
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Shareholders’ equity |  |  |  |  |  |
Class A ordinary shares (US$0.000005 par value; 77,300,000,000 shares authorized, 2,381,240,988 issued and outstanding as of December 31, 2018;77,300,000,000 shares authorized, 2,575,580,988 issued and outstanding as of December 31, 2019) |  | 78 |  | 84 |  | 12
Class B ordinary shares (US$0.000005 par value; 2,200,000,000 authorized, 2,074,447,700 issued and outstanding as of December 31, 2018 and 2019) |  | 64 |  | 64 |  | 9
Additional paid-in capital |  | 29,114,527 |  | 41,493,949 |  | 5,960,233
Accumulated other comprehensive income |  | 1,035,783 |  | 1,448,230 |  | 208,025
Accumulated deficits |  | (11,327,858) |  | (18,295,461) |  | (2,627,979)
Total shareholders' equity |  | 18,822,594 |  | 24,646,866 |  | 3,540,300
Total liabilities and shareholders’ equity |  | 18,841,339 |  | 29,884,503 |  | 4,292,639
Condensed statements of comprehensive income of parent company | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ |  | 2017 | ​ | 2018 | ​ | 2019
​ |  | RMB | ​ | RMB |  | RMB |  | US$
Costs of revenues | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Costs of online marketplace services | ​ | — | ​ | (491,069) | ​ | (619,733) | ​ | (89,019)
Total costs of revenues | ​ | — | ​ | (491,069) | ​ | (619,733) | ​ | (89,019)
Sales and marketing expenses | ​ | — | ​ | (4,106) | ​ | (47,746) | ​ | (6,858)
General and administrative expenses |  | (165) | ​ | (4,101) |  | (3,245) |  | (466)
Total operating expenses |  | (165) | ​ | (8,207) |  | (50,991) |  | (7,324)
Operating loss |  | (165) | ​ | (499,276) |  | (670,724) |  | (96,343)
Interest income |  | 8,264 | ​ | 207,597 |  | 318,166 |  | 45,702
Interest expense | ​ | — | ​ | — | ​ | (144,132) | ​ | (20,703)
Foreign exchange gain |  | — | ​ | 113 |  | — |  | —
Other loss |  | — | ​ | — |  | (31) |  | (4)
Share of losses from subsidiaries, the VIE and subsidiaries of the VIE |  | (533,214) | ​ | (9,925,559) |  | (6,470,882) |  | (929,484)
Loss before income tax |  | (525,115) | ​ | (10,217,125) |  | (6,967,603) |  | (1,000,832)
Income tax expenses | ​ | — | ​ | — | ​ | — | ​ | —
Net loss |  | (525,115) | ​ | (10,217,125) |  | (6,967,603) |  | (1,000,832)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Other comprehensive income, net of tax of nil |  |  | ​ |  |  |  |  |
Foreign currency translation difference, net of tax of nil |  | (47,681) | ​ | 1,058,884 |  | 412,447 |  | 59,244
Comprehensive loss |  | (572,796) | ​ | (9,158,241) |  | (6,555,156) |  | (941,588)
Condensed statement of cash flows of parent company | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ | ​ | 2017 | ​ | 2018 | ​ | 2019
​ |  | RMB | ​ | RMB |  | RMB |  | US$
Net cash generated from operating activities | ​ | 2,753 | ​ | 110,724 |  | 259,409 |  | 37,262
Cash flows from investing activities: | ​ | ​ | ​ |  |  |  |  |
Proceeds from sales of short-term investments | ​ | — | ​ | — | ​ | 6,049,590 |  | 868,969
Cash given to purchase of short-term investments | ​ | — | ​ | (6,146,370) | ​ | (5,998,024) | ​ | (861,562)
Cash given to subsidiaries, the VIE and subsidiaries of the VIE | ​ | (1,058,908) | ​ | (6,749,831) | ​ | (20,293,132) |  | (2,914,926)
Net cash used in investing activities | ​ | (1,058,908) | ​ | (12,896,201) | ​ | (20,241,566) |  | (2,907,519)
Cash flows from financing activities: | ​ | ​ | ​ | ​ |  | ​ |  | ​
Proceeds from initial public offering | ​ | — | ​ | 11,879,944 |  | — |  | —
Costs incurred for the initial public offering costs | ​ | — | ​ | (356,313) | ​ | — | ​ | —
Proceeds from follow-on offering | ​ | — | ​ | — |  | 8,194,597 |  | 1,177,080
Costs incurred for the issuance costs of follow-on offering | ​ | — | ​ | — | ​ | (200,769) | ​ | (28,839)
Proceeds from issuance of convertible bonds | ​ | — | ​ | — |  | 7,073,101 |  | 1,015,987
Costs incurred for the issuance of convertible bonds | ​ | — | ​ | — | ​ | (106,344) | ​ | (15,275)
Proceeds from issuance of convertible preferred shares | ​ | 1,446,906 | ​ | 5,824,568 | ​ | — | ​ | —
Costs incurred for the issuance at convertible preferred shares | ​ | (15,369) | ​ | (3,842) | ​ | — | ​ | —
Repurchase of Class B Ordinary Shares | ​ | (32,677) | ​ | — |  | — |  | —
Net cash generated from financing activities | ​ | 1,398,860 | ​ | 17,344,357 |  | 14,960,585 |  | 2,148,953
Exchange rate effect on cash, cash equivalents and restricted cash | ​ | (47,820) | ​ | 319,221 |  | 141,540 |  | 20,331
Net increase/(decrease) in cash, cash equivalents and restricted cash | ​ | 294,885 | ​ | 4,878,101 |  | (4,880,032) |  | (700,973)
Cash, cash equivalents and restricted cash at beginning of year | ​ | 368,760 | ​ | 663,645 |  | 5,541,746 |  | 796,022
Cash, cash equivalents and restricted cash at end of year | ​ | 663,645 | ​ | 5,541,746 |  | 661,714 |  | 95,049

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