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Short-term Investments | 12 Months Ended
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Dec. 31, 2020
Short-term Investments |
Short-term Investments |
6. | Short-term Investments
As of December 31, 2019 and 2020, the Group’s short-term investments mainly consisted of financial products issued by commercial banks in China with a variable interest rate indexed to the performance of underlying assets and a maturity date within one year when purchased. As of December 31, 2020, the effective yields of short-term investments ranged from 2.52% to 4.10% per annum (2019: 2.00% to 4.25% per annum). The following is a summary of short-term investments (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2019
​ |  | ​ |  | Unrealized |  | Estimated
​ | ​ | Cost | ​ | Gains/(Losses) | ​ | Fair Value
​ | ​ | RMB | ​ | RMB | ​ | RMB
Short-term investments |  | 15,116,330 | ​ | 196,265 | ​ | 15,312,595
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2020
​ |  | ​ |  | Unrealized |  | Estimated
​ | ​ | Cost | ​ | Gains/(Losses) | ​ | Fair Value
​ | ​ | RMB | ​ | RMB | ​ | RMB
Short-term investments | ​ | 13,095,780 | ​ | 177,246 | ​ | 13,273,026
​ During the years ended December 31, 2018, 2019 and 2020, the Group recorded investment income related to short-term investments of RMB463.5 million, RMB657.6 million and RMB580.7 million in the consolidated statements of operations and comprehensive income, respectively.

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- Definition The entire disclosure for investments which are intended to be sold in the short term (usually less than one year or the normal operating cycle, whichever is longer) including trading securities, available-for-sale securities, held-to-maturity securities, and other short-term investments not otherwise listed in the existing taxonomy. + References No definition available. + Details
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- References No definition available. + Details
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