XML 97 R48.htm IDEA: XBRL DOCUMENT v3.20.1
Related Party Transactions (Tables)
12 Months Ended
Dec. 31, 2019
Related Party Transactions  
Schedule of relationship with related parties

Names of related parties

    

Relationship with the Group

Tencent and its affiliates (“Tencent Group”)

A shareholder of the Company

Toshare Group Holding Limited(1)

Company controlled by the Founder

Suzhou Lebei Network Technology Co., Ltd(2)

Company controlled by one of the directors of the Company

Ningbo Hexin Equity Investment Partnership

Company controlled by one of the executive officers of the Company

(1)Toshare Group Holding Limited was no longer a related party of the Company since September 2019.
(2)Suzhou Lebei Network Technology Co., Ltd was no longer a related party of the Company since June 2018.
Schedule of significant related party transactions

For the years ended December 31, 

    

2017

2018

    

2019

    

2019

RMB

RMB

RMB

US$

Services received from:

Tencent Group

 

516,014

1,266,362

 

2,298,074

 

330,098

Suzhou Lebei Network Technology Co., Ltd

 

2,444

 

 

Schedule of related party balances

As of December 31, 

2018

2019

2019

    

RMB

    

RMB

    

US$

Accounts due from related parties:

 

  

 

  

 

  

Current:

 

  

 

  

 

  

Tencent Group*

 

1,018,963

 

1,905,793

 

273,750

Ningbo Hexin Equity Investment Partnership **

 

 

459,632

 

66,022

Accounts due to related parties:

 

 

 

Current:

Toshare Group Holding Limited

 

19,966

 

 

Tencent Group

 

458,147

 

1,502,892

 

215,877

*  The balance represents receivables due from the online payment platform operated by Tencent Group.

** The balance represents a loan to Ningbo Hexin Equity Investment Partnership, an entity controlled by one of the executive officers of the Company.