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Loans receivable, net (Tables)

12 Months Ended

Dec. 31, 2019

Accounts Receivable and Related Allowance for Doubtful Accounts

Loans receivable originated and retained by the Group consist of the following:

		As of December 31,
		2018				2019
		RMB				RMB
Loans (adjusted, Note 2(ah))			2,405,489				5,124,376
Allowance for loan losses (adjusted, Note 2(ah))			(74,381	)			(316,124	)
Loans receivable, net			2,331,108				4,808,252

Schedule of Allowance for Loan Losses

The following table sets forth the activity in the allowance for loan losses for the years ended December 31, 2017, 2018 and 2019.

		For the Years Ended December 31,
		2017				2018				2019
		RMB				RMB				RMB
Beginning balance			1,084				47,670				74,381
Current period provision			65,299				204,442				372,066
Current period reversal			(18,713	)			(11,693	)			(72,562	)
Current period write off			—				(166,038	)			(57,761	)
Ending balance			47,670				74,381				316,124

Schedule of Aging of Loans

The following table sets forth the aging of loans as of December 31, 2018 and December 31, 2019:

		1-89 days past due				90-119  days Past due				120-149  days Past due				150-179  days Past due				Total past  due				Current				Total loans receivable
December 31, 2018			59,685				11,173				7,739				7,040				85,637				2,319,852				2,405,489
December 31, 2019			283,354				51,775				45,321				40,034				420,484				4,703,892				5,124,376

Schedule of Total Assets, Liabilities, Results of Operations and Cash Flows of Trusts

The following table sets forth the total assets, liabilities, results of operations and cash flows of the above trusts, which are included in the Group’s consolidated financial statements.

						As of December 31,
						2018				2019
						RMB				RMB
Restricted cash							303,667				799,646
Loans and other receivable							2,507,878				5,092,609
Total assets							2,811,545				5,892,255
Funds payable to investors of consolidated trusts							2,808,506				5,887,693
Taxes payable							3,039				4,562
Total liabilities							2,811,545				5,892,255

		For the Years Ended December 31,
		2017				2018				2019
		RMB				RMB				RMB
Net revenue			(28,372	)			(164,082	)			(243,795	)
Net loss			(44,396	)			—				—
Net cash used in operating activities			(16,024	)			(18,008	)			(78,339	)
Net cash used in investing activities			(615,971	)			(1,624,784	)			(1,290,842	)
Net cash provided by financing activities			675,654				1,901,684				1,865,160
Net increase in cash, cash equivalents and restricted cash			43,659				258,892				495,979
Cash, cash equivalents and restricted cash at beginning of year			1,116				44,775				303,667
Cash, cash equivalents and restricted cash at end of period			44,775				303,667				799,646

Schedule of Reconciliation of funds payable to investors of consolidated trusts

The following table sets forth the breakdown of funds payable to investors of consolidated trusts between the institutional funding partners and the Group as of December 31, 2018 and December 31, 2019:

		As of December 31,
		2018								2019
		Institutional funding partners				The Group				Institutional funding partners				The Group
Principal invested			1,493,916				1,093,610				3,529,785				1,316,130
Accrued interest/residual interest			11,993				208,987				130,698				911,080
Total			1,505,909				1,302,597				3,660,483				2,227,210

Accounts Receivable [Member]

Accounts Receivable and Related Allowance for Doubtful Accounts

The following table presents the accounts receivable as of December 31, 2018 and 2019:

		As of December 31,
		2018				2019
		RMB				RMB
Accounts receivable (adjusted, Note 2(ah))			862,586				1,028,004
Allowance for doubtful accounts (adjusted, Note 2(ah))			(50,544	)			(145,699	)
Accounts receivable, net			812,042				882,305

Schedule of Aging of Loans

The following table presents the aging of past-due accounts receivable or more by type of fee as of December 31, 2018 and 2019:

		Current				1-89 days past due				90-119 days Past due				120-149 days Past due				150-179 days Past due				Total accounts receivable
December 31, 2018
Loan facilitation			765,354				38,768				8,193				8,086				7,720				828,121
Post facilitation			10,310				4,197				1,689				1,877				1,926				19,999
Other			14,466				—				—				—				—				14,466
Total			790,130				42,965				9,882				9,963				9,646				862,586
December 31, 2019
Loan facilitation			793,608				78,878				22,058				20,440				18,920				933,904
Post facilitation			38,710				11,487				4,956				5,238				5,346				65,737
Other			28,363				—				—				—				—				28,363
Total			860,681				90,365				27,014				25,678				24,266				1,028,004

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