XML 30 R13.htm IDEA: XBRL DOCUMENT

Short-term Investments

12 Months Ended

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.