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ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | 12 Months Ended
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Dec. 31, 2025
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES |
ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES | 16. ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES ​
​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | As of December 31,
​ | ​ ​ ​ | 2024 | ​ | 2025
​ | ​ | RMB | ​ ​ ​ | RMB
​ | ​ | (in thousands)
Deposit related to home renovation and furnishing services | ​ | 1,630,275 | ​ | 1,304,835
Deposit related to home rental services (i) | ​ | 1,434,338 | ​ | 1,550,187
Deposit related to new home transaction services | ​ | 1,151,475 | ​ | 1,366,902
Deposit related to franchise services | ​ | 1,103,229 | ​ | 1,241,484
Other tax payables | ​ | 436,496 | ​ | 256,381
Accrued operating expenses | ​ | 366,454 | ​ | 312,324
Amounts collected and payable on behalf of others (ii) | ​ | 115,160 | ​ | 773,932
Payable of share repurchase consideration | ​ | 94,925 | ​ | 56,778
Payable related to employees’ exercise of share-based awards | ​ | 41,481 | ​ | 24,739
Deferred guarantee revenue | ​ | 23,360 | ​ | 11,961
Others | ​ | 871,312 | ​ | 688,554
Total | ​ | 7,268,505 | ​ | 7,588,077
(i) | Deposit related to home rental services represents the rental deposit collected from tenants under the original model of home rental services.
(ii) | Amounts collected and payable on behalf of others refer to home purchase considerations collected from property buyers that have not yet been remitted to property sellers, and rental and related deposits collected from tenants under the new model of home rental services that are held by the Company on behalf of the property owners.

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