XML 50 R42.htm IDEA: XBRL DOCUMENT

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

6 Months Ended

Jun. 30, 2024

RELATED PARTY TRANSACTIONS AND BALANCES

Schedule of related parties


Related Party		Nature of the Party		Relationship with the Group
Trip.com Group Limited (“Trip.com”)		Online travel services provider		Mr. Qi Ji is a director; Shareholder of the Group
Sheen Star Group Limited (“Sheen Star”)		Investment holding company		Equity method investee of the Group, controlled by Mr. Qi Ji
China Cjia Group Limited (“Cjia Group”)		Apartment Management Group		Equity method investee of the Group
Shanghai Zhuchuang Enterprise Management Co., Ltd. (“Zhuchuang”)		Staged office space company		Equity method investee of the Group
Shanghai Lianquan Hotel Management Co., Ltd. (“Lianquan”)		Hotel management company		Equity method investee of the Group
Huamai (Guangzhou) Hotel Management Co., Ltd. (“Huamai”)		Hotel management company		Equity method investee of the Group
AZURE Hospitality Fund I Limited Partnership (“Azure”)		Fund		Equity method investee of the Group

Schedule of amounts due from related parties


		As of
		December 31,		June 30,
		2023		2024
Trip.com		174		213
Lianquan		45		44
Huamai		22		19
Zhuchuang		14		14
Cjia Group		9		10
Others		34		41
Allowance for expected credit losses		(63)		(62)
Total		235		279

Schedule of amounts due to related party


		As of
		December 31,		June 30,
		2023		2024
Trip.com		48		86
Cjia Group		16		13
Others		13		20
Total		77		119

Schedule of significant related party transactions


		Six Months Ended June 30,
		2023		2024
Commission expenses to Trip.com		102		150
Lease expenses to Trip.com		9		10
Lease expenses to Cjia Group		17		18
Goods sold and service provided to Cjia Group		4		11
Service fee from Trip.com		9		68
Service fee from Sheen Star		3		—
Service fee from Azure		7		11
Sublease income from Lianquan		4		6
Sublease income from Cjia Group		2		3