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PROPERTY AND EQUIPMENT, NET
12 Months Ended
Dec. 31, 2023
PROPERTY AND EQUIPMENT, NET  
PROPERTY AND EQUIPMENT, NET

5.PROPERTY AND EQUIPMENT, NET

Property and equipment, net consist of the following:

As of December 31, 

    

2022

    

2023

Cost:

  

  

Buildings

 

843

 

791

Leasehold improvements

 

10,952

 

11,053

Furniture, fixtures and equipment

 

2,520

 

2,448

Motor vehicles

 

3

 

2

 

14,318

 

14,294

Less: Accumulated depreciation

 

7,727

 

8,456

 

6,591

 

5,838

Construction in progress

 

193

 

259

Property and equipment, net

 

6,784

 

6,097

Depreciation expense was RMB1,352, RMB1,312 and RMB1,276 for the years ended December 31, 2021, 2022 and 2023, respectively.