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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
6 Months Ended
Jun. 30, 2025
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

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, 

    

2024

    

2025

Trip.com

 

284

 

246

Lianquan

 

49

 

46

Huamai

 

26

 

27

Zhuchuang

 

14

 

14

Cjia Group

 

15

 

14

Others

 

24

 

23

Allowance for expected credit losses

(64)

(64)

Total

 

348

 

306

Schedule of amounts due to related parties

As of

December 31,

June 30, 

    

2024

    

2025

Trip.com

41

52

Cjia Group

14

15

Others

19

19

Total

74

86

Schedule of significant related party transactions

Six Months Ended June 30, 

    

2024

    

2025

Commission expenses to Trip.com

150

 

148

Lease expenses to Trip.com

10

 

10

Lease expenses to Cjia Group

18

18

Goods sold and service provided to Cjia Group

11

 

15

Service fee from Trip.com

68

61

Service fee from Azure

11

10

Sublease income from Lianquan

6

Sublease income from Cjia Group

3

3