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INTANGIBLE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2025
INTANGIBLE ASSETS, NET  
Schedule of intangible assets, net

As of December 31, 

 

2024

 

2025

  ​ ​ ​

RMB

  ​ ​ ​

RMB

 

(in thousands)

Software

 

127,645

 

130,975

Trademarks and domain names

 

1,200,889

 

1,200,880

Licenses

 

441,105

 

441,105

Total

 

1,769,639

 

1,772,960

Less: accumulated amortization

 

(603,056)

 

(741,336)

Less: accumulated impairment

 

(308,948)

 

(308,948)

Net book value

 

857,635

 

722,676

Schedule of estimated amortization expense relating to the existing intangible assets with finite lives for each of the next five years

Amounts

  ​ ​ ​

RMB

 

(in thousands)

Within 1 year

 

134,344

Between 1 and 2 years

 

125,956

Between 2 and 3 years

 

112,122

Between 3 and 4 years

 

108,407

Thereafter

 

241,847

Total

 

722,676