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Share-based Compensation (Tables)

12 Months Ended

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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Tabular disclosure of the changes in outstanding nonvested restricted stock units.

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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.

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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.

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