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INVESTMENTS
12 Months Ended
Dec. 31, 2023
INVESTMENTS.  
INVESTMENTS

7.INVESTMENTS

The investments as of December 31, 2022 and 2023 were as follows:

As of December 31, 

    

2022

    

2023

Short-term investments

Equity securities with readily determinable fair values:

  

  

Accor Hotels (“Accor”)

 

1,701

 

Other marketable securities

 

87

 

231

Subtotal

1,788

231

Held to maturity investments

Bank time deposits and financial products

1,958

Total

1,788

2,189

Long-term investments

Equity securities without readily determinable fair values:

 

 

Cjia Group-preferred shares

 

138

 

99

Oravel Stays Private limited (“OYO”)

 

54

 

54

Other equity securities without readily determinable fair values

 

65

 

29

Subtotal

257

182

Equity-method investments:

 

 

AAPC LUB

 

494

 

490

Hotel related funds

 

574

 

479

Other investments

 

324

 

320

Subtotal

1,392

1,289

Available-for-sale debt securities:

 

 

Cjia Group-convertible notes

 

296

 

281

Held to maturity investments

Bank time deposits

812

Total

 

1,945

 

2,564

In 2022, the Group recognized loss from fair value changes of Accor of RMB358. In 2023, the Group sold all the Accor shares for a cash consideration of RMB2,198 with a gain of RMB516 realized upon disposal.