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Acquisitions (Tables)
12 Months Ended
Dec. 31, 2022
Anime Business  
Acquisitions  
Schedule of consideration of acquisitions
The consideration of acquisition of Anime Business was allocated based on their fair value of the assets acquired and the
liabilities
assumed as follows:
 
    
Amount
    
Amortization
Period
 
    
RMB in thousands
        
Net assets acquired
     189,763           
Intangible assets
                 
—Brand
     85,000        8 years  
—Vendor relationship
     75,000        10 years  
—Non-compete
clause
     54,000        6 years  
Goodwill
     283,402           
    
 
 
          
Total
  
 
687,165
 
        
    
 
 
          
Total purchase price comprised of:
 
 
  
Amount
 
  
                      
 
  
RMB in thousands
 
Cash consideration
  
 
369,124
 
Share consideration
  
 
243,203
 
Fair value of previously held equity interests
  
 
74,838
 
  
 
 
 
Total
  
 
687,165
 
  
 
 
 
Comics Business  
Acquisitions  
Schedule of consideration of acquisitions
The consideration of acquisition of Comics Business was allocated based on their
fair
value of the assets acquired and the liabilities assumed as follows:
 
    
Amount
    
Amortization
Period
 
    
RMB in thousands
        
Net assets acquired
     48,764           
Intangible assets
                 
—Brand
     23,000        10 years  
—User base
     11,000        3 years  
—Copyrights
     269,000        8 years  
—Technology
     4,000        3 years  
—Non-compete
clause
     5,000        2 years  
Deferred tax liabilities
     (42,133         
Goodwill
     281,369           
    
 
 
          
Total
  
 
600,000
 
        
    
 
 
          
Total purchase price comprised of:
 
    
Amount
 
    
RMB in thousands
 
Cash consideration
     600,000  
Game Business  
Acquisitions  
Schedule of consideration of acquisitions
The consideration of acquisition of Game Business was allocated
based
on their fair value of the assets acquired and the liabilities assumed as follows:
 
    
Amount
    
Amortization
Period
 
    
RMB in
thousands
        
Net assets acquired
     333,830           
Intangible assets
                 
—Non-compete
clause
     111,000        6 years  
—Others
     50,965        5 years  
Deferred tax liabilities
     (40,491         
Goodwill
     344,696           
    
 
 
          
Total
  
 
800,000
 
        
    
 
 
          
Total purchase price comprised of:
 
    
Amount
 
    
RMB in thousands
 
Cash consideration
     800,000  
Other acquisitions  
Acquisitions  
Schedule of consideration of acquisitions The Group’s other acquisitions are summarized in the following table:
 
 
  
For the Year Ended December 31,
 
  
Amortization
Period
 
 
  
2020
 
  
2021
 
 
 
 
2022
 
  
  
 
 
 
  
Amount
 
 
  
RMB in thousands
 
  
 
 
Net assets acquired
 
 
18,495
 
     28,320                           85,369           
Intangible assets
 
                                   
—Brand
 
 
—  
 
     66,000           —                              5 years  
—Customer relationship
 
 
—  
 
     83,000           —          5 years  
—Non-compete
clause
 
 
—  
 
     28,000           9,000        6 years  
—Others
 
 
160,636
 
     71,100           61,000        1 to 10 years  
Deferred tax liabilities
 
 
(49,140
     —             (17,500         
Goodwill
 
 
283,760
 
     477,746           42,131           
 
 
 
 
 
  
 
 
       
 
 
          
Total
 
 
413,751
 
  
 
754,166
 
     
 
180,000
 
        
 
 
 
 
 
  
 
 
       
 
 
          
Total purchase price comprised of:

 
 
  
For the Year Ended December 31,
 
  
                                       
 
  
2020
 
  
2021
 
 
 
 
2022
 
  
  
 
 
 
  
Amount
 
  
  
 
 
 
  
RMB in thousands
 
Cash consideration
  
 
295,323
 
  
 
244,949
 
 
 
 
 
150,000
 
Share consideration
  
 
118,428
 
  
 
391,244
 
 
 
 
—  
 
Fair value of previously held equity interests
  
 
—  
 
  
 
117,973
 
 
 
 
                30,000
 
  
 
 
 
  
 
 
 
 
 
 
 
 
Total
  
 
413,751
 
  
 
754,166
 
 
 
 
180,000