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Taxation (Tables)

12 Months Ended

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 statutory 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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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