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Short-term and Long-term deposits

12 Months Ended

Dec. 31, 2019

Short-term and Long-term deposits

Deposit Assets Disclosures

6.    Short-term and Long-term deposits

Short-term deposits represent time deposits placed with banks with original maturities between three months and one year. Long-term deposits represent time deposits placed with banks with original maturities more than one year. The term deposits balance as of December 31, 2018 and 2019 primarily consist of the following currencies:

​

​	​	​	​	​	​	​	​	​
​	​	December 31, 2018			​	December 31, 2019
​		​		RMB		​		RMB
​	​	Amount	​	equivalent	​	Amount	​	equivalent
​	​	​	​	​	​	​	​	​
Short-term deposits
​	​	​	​	​	​	​	​	​
RMB		2,100,000		2,100,000		4,500,003		4,500,003
US$		761,573		5,226,996		1,758,964		12,270,882
Total				7,326,996				16,770,885
​	​	​	​	​	​	​	​	​
Long-term deposits
​	​	​	​	​	​	​	​	​
RMB		1,000,000		1,000,000		—		—

​

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The entire disclosure for short term and long term deposits.

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