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SHORT-TERM INVESTMENTS (Details) ¥ in Thousands, $ in Thousands	Dec. 31, 2025 CNY (¥)	Dec. 31, 2025 USD ($)	Dec. 31, 2024 CNY (¥)
SHORT-TERM INVESTMENTS.
Bank time deposits	¥ 7,057,770		¥ 14,874,498
Wealth management products	21,625,789		20,474,093
Held-to-maturity debt investments	5,526,195		5,417,761
Available-for-sale debt investments	5,370,207		551,348
Total	¥ 39,579,961	$ 5,659,859	¥ 41,317,700

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Amount of investment in wealth management products issued by multiple financial institutions, which are mainly money market funds, structural deposits and contain a variable interest rate, classified as current.

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Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), classified as current.

+ References

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Amount, after allowance for credit loss, of investment in debt security measured at amortized cost (held-to-maturity), classified as current.

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Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.

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Any certificate of deposit or savings account held by a bank or other financial institution for a short-term specified period of time. Because of their short-term, time deposits are considered highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three-years ago does not become a cash equivalent when its remaining maturity is three months.

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