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CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net loss ¥ (3,054,017) $ (468,049) ¥ (1,303,570) ¥ (565,021)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation of property and equipment 326,500 50,040 191,784 99,714
Amortization of intangible assets 1,395,100 213,813 905,613 542,731
Amortization of right-of-use assets 96,235 14,749 70,712  
Amortization of debt issuance costs 19,291 2,956 9,117  
Share-based compensation expenses 385,898 59,142 172,550 181,193
Allowance for doubtful accounts 99,165 15,198 9,396 10,904
Inventory provision 6,218 953 5,987  
Deferred income taxes (13,466) (2,064) (10,479)  
Unrealized exchange losses /(gains) (3,018) (463) 2,636 497
Unrealized fair value changes of short-term investments (39,470) (6,049) 17,939 (1,799)
Fair value changes of long-term investments (11,171) (1,712) 18,444 2,072
Gain on disposal of long-term investments and subsidiaries     (148,776)  
Loss from equity method investments 50,531 7,744 24,173  
Revaluation of previously held equity interests       (144,434)
Impairments of long-term investments 8,000 1,226 5,900 46,375
Changes in operating assets and liabilities:        
Accounts receivable (417,237) (63,944) (398,968) 65,612
Amount due from related parties 17,015 2,608 7,382 35,118
Prepayments and other assets (610,592) (93,577) (508,515) (540,647)
Other long-term assets (245,224) (37,582) (360,497)  
Accounts payable 816,103 125,073 586,864 345,917
Salary and welfare payable 374,442 57,386 101,788 95,452
Taxes payable 54,381 8,334 23,114 13,708
Amount due to related parties     (50,331) 44,607
Deferred revenue 734,786 112,611 353,997 398,623
Accrued liabilities and other payables 651,651 99,869 277,875 106,664
Other long-term liabilities 111,941 17,156 190,416  
Net cash provided by operating activities 753,100 115,418 194,551 737,286
Cash flows from investing activities:        
Purchase of property and equipment (602,122) (92,279) (296,044) (293,566)
Purchase of intangible assets (1,636,877) (250,862) (1,268,830) (1,040,125)
Purchase of short-term investments (26,731,176) (4,096,732) (9,973,879) (6,666,731)
Maturities of short-term investments 24,921,538 3,819,393 9,993,525 6,252,151
Cash consideration paid for purchase of subsidiaries, net of cash acquired (498,854) (76,453) (719,909) (135,822)
Cash paid for long-term investments including loans (1,261,161) (193,281) (1,226,794) (565,137)
Repayment of loans from investees 3,500 536 11,000  
Cash received from disposal of long-term investments 135,254 20,729 566,554 1,250
Impact to cash resulting from deconsolidation of a subsidiary     (959)  
Placements of time deposits (10,907,296) (1,671,616) (4,920,099) (750,473)
Maturities of time deposits 7,670,373 1,175,536 3,877,158 2,059
Net cash used in investing activities (8,906,821) (1,365,029) (3,958,277) (3,196,394)
Cash flows from financing activities:        
Proceeds of short-term loans 200,000 30,651 141,857  
Repayment of short-term loans (100,000) (15,326) (100,000)  
Purchase of noncontrolling interests (280,271) (42,952) (121,325)  
Capital injections from noncontrolling interests 103,450 15,854 154,492 22,198
Proceeds from exercise of employees' share options 3 [1] 1 6
Proceeds from issuance of ordinary shares, net of issuance costs of US$6,333, US$9,376 and US$563, respectively 2,817,458 431,794 1,647,711 4,952,606
Proceeds from issuance of convertible senior notes, net of issuance costs of US$11,805 and US$13,857, respectively 5,594,779 857,437 3,356,106  
Net cash provided by financing activities 8,335,419 1,277,458 5,078,842 4,974,810
Effect of exchange rate changes on cash and cash equivalents held in foreign currencies (466,252) (71,456) 107,513 261,447
Net increase/(decrease) in cash and cash equivalents (284,551) (43,609) 1,422,629 2,777,149
Cash and cash equivalents at beginning of the year 4,962,660 760,561 3,540,031 762,882
Cash and cash equivalents at end of the year 4,678,109 716,952 4,962,660 3,540,031
Supplemental disclosures of cash flows information:        
Cash paid for income taxes, net of tax refund 54,022 8,279 33,734 15,765
Cash paid for interest expense 86,167 13,206 26,203  
Supplemental schedule of non-cash investing and financing activities:        
Accretion to Pre-IPO Preferred Shares redemption value       64,605
Accretion to redeemable noncontrolling interests 5,964 914    
Fixed assets purchases financed by accounts payable 25,797 3,954 55,759 40,277
Acquisitions and investments financed by accrued liabilities and other payables 125,363 19,213 79,059 502,279
Intangible assets purchases financed by accounts payable 746,404 114,391 ¥ 365,187 ¥ 415,780
Issuance of ordinary shares in the business combination, purchase of noncontrolling interests and investment addition ¥ 889,957 $ 136,392    
[1] Less than 1.