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Share-Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2022
Summary of Option Activity | The following table summarizes the option activity for the year ended December 31, 2022:
|  | Number of options |  |  | Weighted average exercise price per option (US$) |  |  | Weighted average remaining contractual life (years) |  |  | Aggregated intrinsic Value (US$) |
Outstanding as of December 31, 2021 |  |  | 29,676,253 |  |  |  | 0.0157 |  |  |  | 6.69 |  |  |  | 132,783 |
Granted |  |  | 5,601,640 |  |  |  | 0.0002 |  |  |  |  |  |  |  |  |
Exercised |  |  | (5,622,274 | ) |  |  | 0.0039 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,410,996 | ) |  |  | 0.0011 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 28,244,623 |  |  |  | 0.0157 |  |  |  | 6.40 |  |  |  | 126,375 |
Exercisable as of December 31, 2022 |  |  | 16,636,567 |  |  |  | 0.0265 |  |  |  | 4.78 |  |  |  | 74,260 |
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted | The fair value of options granted was estimated on the date of grant using the Black-Sholes pricing model with the following assumptions used for grants during the applicable periods:
|  | Risk-free interest rate of return |  |  | Expected term |  |  | Volatility |  |  | Dividend yield |  |  | Exercise price (US$) |
2020 |  |  | 1.22%~1.48% |  |  |  | 6 years |  |  |  | 50.6%~54.4% |  |  |  | — |  |  |  | 0.0002 |
2021 |  |  | 1.64%~1.96% |  |  |  | 6 years |  |  |  | 50.2%~51.8% |  |  |  | — |  |  |  | 0.0002 |
2022 |  |  | 2.20%~4.86% |  |  |  | 6 years |  |  |  | 50.3%~57.8% |  |  |  | — |  |  |  | 0.0002 |
Options classified as Equity Awards |
Summary of Option Activity | The following table summarizes the option activity for the year ended December 31, 2022:
|  | Number of options |  |  | Weighted average exercise price per option |  |  | Weighted average remaining contractual life |  |  | Aggregated intrinsic Value |
|  |  |  |  | (US$) |  |  | (years) |  |  | (US$) |
Outstanding as of December 31, 2021 |  |  | 4,848,671 |  |  |  | 1.6232 |  |  |  | 6.76 |  |  |  | — |
Granted |  |  | 926,300 |  |  |  | 0.0001 |  |  |  |  |  |  |  |  |
Repurchased |  |  | (769,889 | ) |  |  | 1.0237 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (384,066 | ) |  |  | 0.8650 |  |  |  |  |  |  |  |  |
Outstanding as of December 31, 2022 |  |  | 4,621,016 |  |  |  | 1.4607 |  |  |  | 6.58 |  |  |  | — |
Exercisable as of December 31, 2022 |  |  | 3,002,020 |  |  |  | 2.1096 |  |  |  | 5.20 |  |  |  | — |
Schedule of Assumptions Used to Estimate Fair Value of Stock Options Granted | The fair value of each option granted was estimated on the date of grant using the binomial tree pricing model with the following assumptions used for grants during the applicable periods:
|  | Risk-free interest rate of return |  |  | Contractual term |  |  | Volatility |  |  | Dividend yield |  |  | Exercise price (US$) |
2020 |  |  | 1.52%~1.83% |  |  |  | 10 years |  |  |  | 53.8%~57.1% |  |  |  | — |  |  |  | 0.002~5.0 |
2021 |  |  | 2.04%~2.04% |  |  |  | 10 years |  |  |  | 59.0%~59.0% |  |  |  | — |  |  |  | 0.002~5.0 |
2022 |  |  | 4.40%~4.40% |  |  |  | 10 years |  |  |  | 56.2%~56.2% |  |  |  | — |  |  |  | 0.0001 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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