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PREPAID EXPENSES AND OTHER CURRENT ASSETS

9 Months Ended

Sep. 30, 2024

PREPAID EXPENSES AND OTHER CURRENT ASSETS

PREPAID EXPENSES AND OTHER CURRENT ASSETS

4.	PREPAID EXPENSES AND OTHER CURRENT ASSETS

Prepaid expenses and other current assets consisted of the following:


	As of
	December 31, 2023	September 30, 2024
	RMB	RMB
Prepaid expenses*	1,344,525	1,528,068
Tax recoverable	907,629	963,880
Deposits	33,941	44,267
Loans to third parties	5,787	40,904
Staff advances	2,518	4,042
Interest receivables	532	529
Others	80,409	84,234
	2,375,341	2,665,924

Prepaid expenses mainly represented the unamortized portion of prepayments made to Microsoft for the cloud services, the prepayments to telecommunication operators for bandwidth, data centers or cabinets and the prepayments for office expense.

An analysis of the allowance for doubtful debt in relation to other receivables was as follows:


	For the nine months ended September 30,
	2023	2024
	RMB	RMB
Balance at beginning of the period	131,624	445,669
Addition	16,700	1,372
Write-off	—	(467)
Foreign exchange difference	94	(33)
Balance at the end of the periods	148,418	446,541