XML 47 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

Related Party Transactions and Balances | 12 Months Ended
--- | ---
Dec. 31, 2022
Related Party Transactions and Balances |
Related Party Transactions and Balances |
20. | Related Party Transactions and Balances
The Group entered into the following significant related party transactions for the periods presented:
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
|  | RMB in thousands |
Purchases of goods and services |  |  | 35,131 |  |  |  | 117,116 |  |  |  | 206,931 |
(Acquire of)/Transfer of long-term investments 1 |  |  | (110,039 | ) |  |  | (40,837 | ) |  |  | 275,000 |
Purchase of noncontrolling interests of Chaodian Inc. (“Chaodian”) 2 |  |  | 257,288 |  |  |  | — |  |  |  | — |
Capital contribution/Loans to an entity 3 (“Entity”) |  |  | — |  |  |  | 2,785,314 |  |  |  | — |
Investment income and interest income |  |  | 2,238 |  |  |  | 14,366 |  |  |  | 78,827 |
Sales of goods and services |  |  | 4,915 |  |  |  | 9,136 |  |  |  | 13,953 |
The Group had the following significant related party balances as of December 31, 2021 and 2022, respectively:
|  | December 31, 2021 |  |  | December 31, 2022 |
|  | RMB in thousands |
Amount due from related parties |  |  |  |
Due from investment funds 1 |  |  | 48,135 |  |  |  | 103,689 |
Due from the Entity 3 |  |  | 1,709,689 |  |  |  | 1,308,652 |
Due from other investees |  |  | 283,492 |  |  |  | 182,579 |
Total |  |  | 2,041,316 |  |  |  | 1,594,920 |
Amount due to related parties 4 |  |  | 216,434 |  |  |  | 108,307 |
1. | In July 2020, the Company acquired certain equity interests of two investments from one investment fund, of which the Company is its limited partner. The consideration was RMB110.0 million. In 2022, the Company transferred several equity investments of the Group to another investment fund, of which the Company is its limited partner. The consideration was RMB275.0 million . The balances due from the investment funds as of December 31, 2021 and December 31, 2022 were consideration receivables related to the equity investments transferred, which is non-trade in nature.
2. | In September 2020, the Company acquired the rest equity interests of Chaodian from certain noncontrolling shareholders, which included some related parties of the Company. The consideration was determined by referenced to a third-party valuer’s valuation and the considerations were settled in 2020.
3. | The Company established the Entity with an independent third party and two entities controlled by Mr. Rui Chen and Ms. Ni Li, respectively, to acquire the land use rights for a parcel of land in Shanghai for future construction. The balance as of December 31, 2021 and 2022 represents interest-bearing loans and interest expenses related to the Entity, which are non-trade in nature. The annual interest rates of the loans were 3.3%.
4. | The balances as of December 31, 2021 and 2022 mainly represent considerations related to long-term investments, which are non-trade in nature.

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39549-107864 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -URI https://asc.fasb.org/topic&trid=2122745 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 850 -SubTopic 10 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=6457730&loc=d3e39691-107864 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration