Related Party Transactions and Balances (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of significant related party transactions

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

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.

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%.

Schedule of significant related party balances

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

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.

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.