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Leases
¥ in Thousands, $ in Thousands

12 Months Ended

Dec. 31, 2019

USD ($)

Dec. 31, 2019

CNY (¥)

Dec. 31, 2018

CNY (¥)

Leases

Leases

8.    Leases

The Group has operating leases mainly for offices in China. For the year ended December 31, 2019, operating lease costs and short-term lease costs were RMB94,929 and RMB34,255, respectively. There were no leasing costs other than the operating lease costs and short-term lease costs for the year ended December 31, 2019.

A maturity analysis of the Company's operating lease liabilities and reconciliation of the undiscounted cash flows to the operating lease liabilities recognized on the condensed consolidated balance sheet was as below:

​

​	​	​	​	​
​	​	Rental
​	​	RMB	​	US$
​	​	​	​	​
2020		142,058		20,405
2021		150,231		21,579
2022		128,731		18,491
2023		94,598		13,588
2024 and after		97,558		14,013
Total undiscounted cash flows		613,176		88,076
Less: imputed interest		(68,849)		(9,888)
Present value of lease liabilities		544,327		78,188

​

As of December 31, 2019, the Company had no operating leases that had not yet commenced. The weighted average remaining lease terms of the right-of-use assets was 4.37 years.

A weighted average incremental borrowing rate of 5.36% was adopted on the commencement date in determining the present value of lease payments.

Other supplemental information related to leases is summarized below:

​

​	​	​	​	​
​	​	For the years ended December 31,
​	​	2019	​	2019
​		RMB		US$
​	​	​	​	​
Operating cash flows for operating leases		76,130		10,935
ROU assets obtained in exchange for new operating lease liabilities		402,646		57,836

​

8.    Leases

The Group has operating leases mainly for offices in China. For the year ended December 31, 2019, operating lease costs and short-term lease costs were RMB94,929 and RMB34,255, respectively. There were no leasing costs other than the operating lease costs and short-term lease costs for the year ended December 31, 2019.

A maturity analysis of the Company's operating lease liabilities and reconciliation of the undiscounted cash flows to the operating lease liabilities recognized on the condensed consolidated balance sheet was as below:

​

​	​	​	​	​
​	​	Rental
​	​	RMB	​	US$
​	​	​	​	​
2020		142,058		20,405
2021		150,231		21,579
2022		128,731		18,491
2023		94,598		13,588
2024 and after		97,558		14,013
Total undiscounted cash flows		613,176		88,076
Less: imputed interest		(68,849)		(9,888)
Present value of lease liabilities		544,327		78,188

​

As of December 31, 2019, the Company had no operating leases that had not yet commenced. The weighted average remaining lease terms of the right-of-use assets was 4.37 years.

A weighted average incremental borrowing rate of 5.36% was adopted on the commencement date in determining the present value of lease payments.

Other supplemental information related to leases is summarized below:

​

​	​	​	​	​
​	​	For the years ended December 31,
​	​	2019	​	2019
​		RMB		US$
​	​	​	​	​
Operating cash flows for operating leases		76,130		10,935
ROU assets obtained in exchange for new operating lease liabilities		402,646		57,836

​

Provision For Prepayments Made On Behalf Of Merchants

$ 1,692

¥ 11,782

¥ 2,155

X

- Definition

This represents provision for prepayments made on behalf of merchants.

+ References

No definition available.

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- References

No definition available.

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- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

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