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Fair Value Measurements (Tables)
12 Months Ended
Dec. 31, 2019
Fair Value Measurements  
Schedule of financial instruments measured at fair value on a recurring basis by level within the fair value hierarchy

Fair Value Measurements

Quoted Price in 

Significant

Active Market 

 Other

Unobservable

for Identical 

 

 Observable

 

Inputs

Assets (Level 1)

 

 Inputs (Level 2)

 (Level 3)

    

RMB

    

RMB

    

RMB

Recurring

  

 

  

 

  

As of December 31, 2019:

Short-term investments:

Debt securities:

Trading

795,849

Equity securities:

Marketable

11,925

11,925

 

795,849

 

Schedule of fair value instruments on unobservable input reconciliation

Fair Value Measurements

Quoted Price in

Significant

Active Market

Other

Unobservable

for Identical

Observable

Inputs

Assets (Level 1)

Inputs (Level 2)

(Level 3)

    

RMB

    

RMB

    

RMB

As of December 31, 2018:

 

Short term investments:

 

Debt securities:

Held-to-maturity

7,630,689

 

As of December 31, 2019:

 

Short-term investments:

Debt securities:

Held-to-maturity

34,481,053

 

Convertible bonds

8,037,280