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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Summary of total carrying value of equity investments held

​

​	​	​	​	​	​	​	​	​
​	​	For the year ended December 31
​		2021		2022		2023		2023
​	​	RMB	​	RMB	​	RMB	​	US$
Equity investments without readily determinable fair value:
Initial cost basis		114,256		124,196		124,196		17,493
Cumulative unrealized gains		96,793		119,245		119,245		16,795
Cumulative unrealized losses (including impairment)		—		(14,940)		(28,522)		(4,017)
Foreign currency translation		(3,883)		271		979		138
​		207,166		228,772		215,898		30,409
Equity investment with readily determinable fair value:		​		​		​		​
Initial cost basis		—		63,356		42,437		5,977
Cumulative unrealized losses		—		(22,683)		(12,469)		(1,756)
Realized gain on equity investments sold	​	—	​	—	​	100	​	14
Foreign currency translation		—		4,135		205		29
​		—		44,808		30,273		4,264
Equity method investment	​	​	​	​	​	​	​	​
Initial cost basis	​	—	​	—	​	12,070	​	1,700
Share of profit from equity method investment	​	—	​	—	​	1,689	​	237
​	​	—	​	—	​	13,759	​	1,937
Total carrying value		207,166		273,580		259,930		36,610

Schedule of assets and liabilities measured at fair value on a recurring and non-recurring basis

​

​	​	​	​	​	​	​	​	​	​	​
​		​		Quoted prices in		Significant		​		​
​	​	​	​	active markets	​	other	​	Significant	​	​
​	​	Total Fair	​	for identical	​	observable	​	unobservable	​	Total
​	​	Value	​	assets	​	inputs	​	inputs	​	losses
​	​	​	​	(Level 1)	​	(Level 2)	​	(Level 3)	​	​
​		RMB		RMB		RMB		RMB		RMB
As of December 31, 2022
Purchase consideration payable		(1,208,985)		—		(1,208,985)		—		(28,516)
Equity investments with readily determinable fair value	​	44,808	​	44,808	​	—	​	—	​	(22,683)
As of December 31, 2023		​		​		​		​		​
Purchase consideration payable		(678,732)		—		(678,732)		—		(14,433)
Equity investments with readily determinable fair value		30,273		30,273		—		—		(12,469)

​

​	​	​	​	​	​	​	​	​	​	​
​		​		Quoted prices in		Significant		​		​
​	​	​	​	active markets	​	other	​	Significant	​	​
​	​	Total Fair	​	for identical	​	observable	​	unobservable	​	Total
​	​	Value	​	assets	​	inputs	​	inputs	​	gains
​	​	​	​	(Level 1)	​	(Level 2)	​	(Level 3)	​	(losses)
​		RMB		RMB		RMB		RMB		RMB
As of December 31, 2022	​	​	​	​	​	​	​	​	​	​
Equity investments accounted for using measurement alternative		228,772		—		—		228,772		22,452
As of December 31, 2023		​						​
Equity investments accounted for using measurement alternative		215,898		—		—		215,898		—
Long-lived assets in public cloud asset group (Note 8)	​	3,026,228	​	—	​	—	​	3,026,228	​	(653,670)

Schedule of property plant and equipment useful lives

​	​	​
​		Estimated
Category	​	Useful Life
Electronic equipment	​	3-4 years
Office equipment and fixtures		5 years
Data center machinery and equipment		10 years
Building		50 years

​

Schedule of finite lived intangible assets useful lives

​	​	​
​		Estimated
Category	​	Useful Life
Customer relationships		6 years
Patents and technologies		6-10 years
Trademarks and domain names		10 years
Software and copyrights		3-10 years
Others		3 years

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Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 2C
-SubTopic 10
-Topic 820
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2C

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-3

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-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482106/820-10-50-2

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