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INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
¥ in Thousands, $ in Thousands
 9 Months Ended
Sep. 30, 2020
CNY (¥)
Sep. 30, 2020
USD ($)
Sep. 30, 2019
CNY (¥)
Cash flows from operating activities:      
Net loss ¥ (1,305,418) $ (192,267) ¥ (398,570)
Depreciation and amortization 11,320 1,667 7,328
Share-based compensation 26,901 3,962 5,498
Fair value changes of short-term investments (3,292) (485) (800)
Provision for allowance for doubtful accounts 9,794 1,443 22
Reversal of inventory allowance (3,162) (466)  
Loss on disposal of property and equipment 3   173
Unrealized exchange (gain)/loss 3,843 566 (4,179)
Changes in operating assets and liabilities, net of acquisition:      
Accounts receivable (143,224) (21,095) (84,933)
Inventories (15,551) (2,290) (28,983)
Prepayment and other current assets (79,712) (11,740) (61,022)
Amounts due from NetEase Group 9,202 1,355 (3,721)
Operating lease right-of-use assets 6,742 993 565
Other assets (2,150) (317) 660
Contract liabilities 608,758 89,660 166,080
Accounts payables 56,500 8,322 12,954
Payroll payable 2,501 368 (25,482)
Taxes payable 9,517 1,402 5,460
Accrued liabilities and other payables 392,093 57,749 72,186
Amounts due to NetEase Group (12,070) (1,778) (3,204)
Long-term lease liabilities (22,259) (3,278) (2,902)
Other non-current liabilities (1,123) (165)  
Net cash used in operating activities (450,800) (66,394) (342,870)
Cash flows from investing activities:      
Purchases of short-term investments (578,000) (85,130) (62,000)
Proceeds of maturities of short-term investments 465,000 68,487 106,882
Placements of time deposits (20,663) (3,043) (251,734)
Proceeds from maturities of time deposits 510,239 75,150 498,292
Cash paid for business combination, net of cash acquired (Note 4) (6,398) (942)  
Purchase of intangible assets     (29)
Purchases of property and equipment (20,947) (3,085) (13,694)
Proceeds from disposal of property and equipment 192 28 1,667
Payment for equity investment (8,500) (1,252)  
Net cash provided by investing activities 340,923 50,213 279,384
Cash flows from financing activities:      
Funding from NetEase Group     75,643
Payment of offering expenses (7,909) (1,165) (811)
Proceeds from issuance of ordinary shares pursuant to incentive plans 27,043 3,983  
Net cash provided by financing activities 19,134 2,818 74,832
Effect of exchange rate changes on cash and cash equivalents (4,623) (681) 1,805
Net increase/(decrease) in cash and cash equivalents (95,353) (14,044) 13,151
Cash and cash equivalents at beginning of the period 173,328 25,528 41,738
Cash and cash equivalents at end of the period 77,975 11,484 54,889
Supplemental disclosures of cash flow information:      
Cash paid for income tax expenses 5,550 817 3,057
Cash paid for interest expenses 27,298 4,021 26,205
Non-cash investing and financing activities:      
Accretions of convertible redeemable preferred shares to redemption value     ¥ 32,209
Changes in accrued liabilities and other payables related to property and equipment addition ¥ 6,614 $ 974