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v3.26.1

Long-term investments - Equity method investments (Details) ¥ in Thousands, $ in Thousands | 1 Months Ended | 12 Months Ended
--- | --- | ---
Jul. 31, 2024 USD ($) | Aug. 31, 2020 CNY (¥) item | Dec. 31, 2025 CNY (¥) | Dec. 31, 2025 USD ($) | Dec. 31, 2024 CNY (¥) | Dec. 31, 2023 CNY (¥) | Dec. 31, 2022 CNY (¥) | Dec. 31, 2021 CNY (¥)
Long-term investments |  |  |  |  |  |  |  |
Number of third party investors | item |  | 3 |  |  |  |  |  |
Amount of investment |  | ¥ 200,000 |  |  |  |  |  |
Available-for-sale debt securities increase in fair value |  |  | ¥ 208,328 |  | ¥ 425,711 | ¥ 0 |  |
Share of income/(loss) of equity investees |  |  | (1,092,184) | $ (156,180) | (503,193) | 64,394 |  |
Joint venture |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Authorized share capital | $ | $ 55,000 |  |  |  |  |  |  |
Percentage held of its equity interests | 51.00% |  |  |  |  |  |  |
Group |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Amount of investment | $ | $ 28,000 |  |  |  |  |  |  |
Weineng |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Additional investment |  |  |  |  | 270,000 | 270,000 | ¥ 270,000 | ¥ 270,000
Private company |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Share of income/(loss) of equity investees |  |  | ¥ (1,092,184) |  | ¥ (503,193) | ¥ 64,394 |  |
Weineng |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Percentage of equity interest |  | 25.00% |  |  | 19.40% |  |  |
Other third-party investors |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Percentage of equity interest |  |  | 19.40% |  |  |  |  |
Additional investment |  |  | ¥ 918,000 |  |  |  |  |
Group |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Additional investment |  |  | 178,000 |  |  |  |  |
CYVN Holding L.L.C. |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Equity method investment, fair value, excess amount over consideration adjusted to additional paid in capital | $ | $ 27,000 |  |  |  |  |  |  |
CYVN Holding L.L.C. | Joint venture |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Percentage held of its equity interests | 49.00% |  |  |  |  |  |  |
Private funds And entities |  |  |  |  |  |  |  |
Long-term investments |  |  |  |  |  |  |  |
Amount of investment |  |  | ¥ 303,760 |  | ¥ 279,079 |  |  |

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