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Taxation (Tables) | 12 Months Ended
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Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Loss Before Tax | Components of loss before tax are as follow:
|  | For the year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
(Loss)/Income from PRC entities |  |  | (483,970 | ) |  |  | (311,483 | ) |  |  | 610,813 |
Loss from overseas entities |  |  | (18,085 | ) |  |  | (630,412 | ) |  |  | (1,622,360 | )
Total loss before tax |  |  | (502,055 | ) |  |  | (941,895 | ) |  |  | (1,011,547 | )
Schedule of Components of Income Tax Expenses | Components of income tax expense are as follows:
|  | For the year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Current income tax expense |  |  | — |  |  |  | — |  |  |  | 59,527 |
Schedule of Reconciliation Between The PRC Statutory Income Tax Rate and Effective Income Tax Rate | The following table sets forth a reconciliation between the PRC statutory income tax rate of 25% and the Group’ effective tax rate:
|  | For the year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
PRC s tatutory income tax rate |  |  | 25.00 | % |  |  | 25.00 | % |  |  | 25.00 | %
Tax rate difference from statutory rate in other jurisdictions (1) |  |  | (0.25 | )% |  |  | (15.82 | )% |  |  | (37.89 | )%
Permanent difference (2) |  |  | 5.30 | % |  |  | 2.22 | % |  |  | 1.24 | %
Effect of preferential tax rates |  |  | (10.03 | )% |  |  | (3.36 | )% |  |  | 5.15 | %
Changes in valuation allowance |  |  | (19.97 | )% |  |  | (7.89 | )% |  |  | (8.38 | )%
Others |  |  | (0.05 | )% |  |  | (0.15 | )% |  |  | 9.00 | %
Effective tax rate |  |  | — |  |  |  | — |  |  |  | (5.88 | )%
| (1) | The tax rate difference was mainly attributed to net loss of the Company, which is located in the Cayman Islands and exempted from income tax.
| (2) | The permanent differences are primarily related to additional tax deductions for qualified research and development expenses offset by non-deductible share-based compensation expenses.
Summary of Net Deferred Tax Assets | The following table sets forth the significant components of the deferred tax assets:
|  | For the year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Net operating loss carry-forwards |  |  | 86,628 |  |  |  | 86,679 |  |  |  | 70,985 |
Deductible advertising expenses |  |  | 87,639 |  |  |  | 161,842 |  |  |  | 262,801 |
Others |  |  | 1,490 |  |  |  | 1,511 |  |  |  | 1,062 |
Total deferred tax assets |  |  | 175,757 |  |  |  | 250,032 |  |  |  | 334,848 |
Less: valuation allowance |  |  | (175,757 | ) |  |  | (250,032 | ) |  |  | (334,848 | )
Total deferred tax assets, net of valuation allowance |  |  | — |  |  |  | — |  |  |  | — |
Schedule of Movements of Valuation Allowance | Movements of valuation allowance are as follows :
|  | For the year ended December 31, |
|  | 2019 |  |  | 2020 |  |  | 2021 |
|  | RMB |  |  | RMB |  |  | RMB |
Balance at beginning of the year |  |  | 75,501 |  |  |  | 175,757 |  |  |  | 250,032 |
Change in valuation allowance |  |  | 100,256 |  |  |  | 74,275 |  |  |  | 84,816 |
Balance at end of the year |  |  | 175,757 |  |  |  | 250,032 |  |  |  | 334,848 |

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