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Share-based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of service-based RSUs activities | The following table presents a summary of the Group’s service-based RSUs activities for the year ended December 31, 2022:
|  | Employees |  |  | Senior Management |  |  | Consultants |  |  | Total |  |  | Weighted Average Granted fair value |
|  | (In thousands) |  |  | (In thousands) |  |  | (In thousands) |  |  | (In thousands) |  |  | US$ |
Outstanding at January 1, 2022 |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 1,932 |  |  |  | — |  |  |  | 35 |  |  |  | 1,967 |  |  |  | 24.59 |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested at December 31, 2022 |  |  | 1,932 |  |  |  | — |  |  |  | 35 |  |  |  | 1,967 |  |  |  | 24.59 |
Schedule of binomial option-pricing model | The estimated fair value of each share option granted is estimated on the date of grant using the binomial option-pricing model with the following assumptions:
|  | For the Year Ended December 31, |
|  | 2020 |  |  | 2021 |  |  | 2022 |
Expected volatility |  |  | 50.1%-55.0 | % |  |  | 53.0%-53.5 | % |  |  | 57.6%-58.0 | %
Weighted average volatility |  |  | 51.9 | % |  |  | 53.2 | % |  |  | 57.9 | %
Expected dividends |  |  | — |  |  |  | — |  |  |  | — |
Risk-free rate |  |  | 0.4%-0.7 | % |  |  | 0.9%-1.4 | % |  |  | 2.7%-3.6 | %
Contractual term (in years) |  |  | 6-7 |  |  |  | 6-7 |  |  |  | 6-7 |
Schedule of share options activities | The following table presents a summary of the Group’s share options activities for the years ended December 31, 2020, 2021 and 2022:
|  | Employees |  |  | Senior Management |  |  | Consultants |  |  | Total |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life |  |  | Aggregate Intrinsic Value |
|  | (In thousands) |  |  | (In thousands) |  |  | (In thousands) |  |  | (In thousands) |  |  | US$ |  |  | (In years) |  |  | (RMB in thousands) |
Outstanding at January 1, 2020 |  |  | 8,274 |  |  |  | 3,655 |  |  |  | 245 |  |  |  | 12,174 |  |  |  | 0.0001 |  |  |  | 4.13 |  |  |  | 1,581,408 |
Granted |  |  | 6,966 |  |  |  | 8,700 |  |  |  | 50 |  |  |  | 15,716 |  |  |  | 2.9007 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,784 | ) |  |  | (1,643 | ) |  |  | (65 | ) |  |  | (4,492 | ) |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,101 | ) |  |  | — |  |  |  | — |  |  |  | (1,101 | ) |  |  | 0.4234 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2020 |  |  | 11,355 |  |  |  | 10,712 |  |  |  | 230 |  |  |  | 22,297 |  |  |  | 2.0236 |  |  |  | 5.41 |  |  |  | 12,177,047 |
Outstanding at January 1, 2021 |  |  | 11,355 |  |  |  | 10,712 |  |  |  | 230 |  |  |  | 22,297 |  |  |  | 2.0236 |  |  |  | 5.41 |  |  |  | 12,177,047 |
Granted |  |  | 3,927 |  |  |  | — |  |  |  | 21 |  |  |  | 3,948 |  |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,094 | ) |  |  | (1,101 | ) |  |  | (68 | ) |  |  | (3,263 | ) |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (472 | ) |  |  | — |  |  |  | — |  |  |  | (472 | ) |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2021 |  |  | 12,716 |  |  |  | 9,611 |  |  |  | 183 |  |  |  | 22,510 |  |  |  | 2.0010 |  |  |  | 5.01 |  |  |  | 6,372,503 |
Outstanding at January 1, 2022 |  |  | 12,716 |  |  |  | 9,611 |  |  |  | 183 |  |  |  | 22,510 |  |  |  | 2.0010 |  |  |  | 5.01 |  |  |  | 6,372,503 |
Granted |  |  | 5,661 |  |  |  | 6 |  |  |  | 162 |  |  |  | 5,829 |  |  |  | 0.0036 |  |  |  |  |  |  |  |  |
Exercised |  |  | (2,575 | ) |  |  | (1,204 | ) |  |  | (150 | ) |  |  | (3,929 | ) |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (2,500 | ) |  |  | — |  |  |  | — |  |  |  | (2,500 | ) |  |  | 0.2331 |  |  |  |  |  |  |  |  |
Outstanding at December 31, 2022 |  |  | 13,302 |  |  |  | 8,413 |  |  |  | 195 |  |  |  | 21,910 |  |  |  | 2.0283 |  |  |  | 4.70 |  |  |  | 3,305,336 |
Exercisable at December 31, 2022 |  |  | 2,113 |  |  |  | 2,580 |  |  |  | 22 |  |  |  | 4,715 |  |  |  | 2.8747 |  |  |  | 4.00 |  |  |  | 778,043 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
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