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Short-term Investments

12 Months Ended

Dec. 31, 2021

Short-term Investments

Short-term Investments

7.	Short-term Investments

As of December 31, 2020 and 2021, 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, 2021, the effective yields of short-term investments ranged from 2.25% to 4.40% per annum (2020: 2.52% to 4.10% per annum).

The following is a summary of short-term investments (in thousands):


		December 31, 2020
				Unrealized		Estimated
		Cost		Gains/(Losses)		Fair Value
		RMB		RMB		RMB
Short-term investments		13,095,780		177,246		13,273,026


		December 31, 2021
				Unrealized		Estimated
		Cost		Gains/(Losses)		Fair Value
		RMB		RMB		RMB
Short-term investments		12,081,868		199,680		12,281,548

During the years ended December 31, 2019, 2020 and 2021, the Group recorded investment income related to short-term investments of RMB657.6 million, RMB580.7 million and RMB639.8 million in the consolidated statements of operations and comprehensive income, respectively.