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Share Based Compensation (Tables) | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Assumptions Used to Determine the Fair Value of Stock Options Under Binomial Option Pricing Model | In determining the fair value of the stock options, the binomial option pricing model was applied. The key assumptions used to determine the fair value of the options at the respective grant dates in 2021, 2022 and 2023 were as follows:
|  | For the years ended December 31,
|  | 2021 |  | 2022 |  | 2023
Expected volatility |  | 48.47%~48.70% |  | 47.80%~48.20% |  | 49.00%~51.00%
Risk-free interest rate (per annum) |  | 1.35%~1.62% |  | 1.51%~2.94% |  | 2.40%~2.97%
Exercise multiples |  | 2.2~2.8 |  | 2.2~2.8 |  | 2.2~2.8
Expected dividend yield |  | 0.00% |  | 0.00% |  | 0.00%
Fair value of underlying ordinary shares |  | RMB 40.61~RMB 109.73 |  | RMB 19.43~RMB 62.05 |  | RMB 18.80~RMB 32.19
Fair value of share option |  | RMB 39.98~RMB 109.10 |  | RMB 18.39~RMB 61.01 |  | RMB 18.10~RMB 31.48
Summary of Share Option Activities | The following table summarized the Group’s share option activities under the Option Plans for the year ended December 31, 2023:
|  | Number of options |  |  | Weighted average exercise price per share |  |  | Weighted average grant date fair value per share |  |  | Weighted average remaining contractual life |  |  | Aggregate intrinsic value |
|  |  |  |  | RMB |  |  | RMB |  |  | Years |  |  | RMB |
Outstanding as of December 31, 2022 |  |  | 16,960,117 |  |  |  | 0.64 |  |  |  | 28.73 |  |  |  | 6.66 |  |  |  | 305,280 |
Granted |  |  | 836,164 |  |  | 0.70 |  |  |  | 25.45 |  |  |  |  |  |  |
Forfeited |  |  | (266,409 | ) |  | 0.63 |  |  |  | 42.53 |  |  |  |  |  |  |
Exercised |  |  | (3,648,341 | ) |  | 0.70 |  |  |  | 27.78 |  |  |  |  |  |  |
Outstanding as of December 31, 2023 |  |  | 13,881,531 |  |  |  | 0.70 |  |  |  | 31.64 |  |  |  | 5.90 |  |  |  | 271,092 |
Vested and expect to vest as of December 31, 2023 |  |  | 13,881,531 |  |  | 0.70 |  |  |  | 31.64 |  |  |  |  |  |  |
Exercisable at December 31, 2023 |  |  | 9,532,499 |  |  |  | 0.70 |  |  |  | 27.59 |  |  |  | 5.14 |  |  |  | 186,160 |
Summary of Restricted Stock Option Activities |
|  | Number of RSU |  |  | Weighted average grant-date fair value |  |  | Weighted average remaining contractual life |
|  |  |  |  | RMB |  |  | Years |
Outstanding as of December 31, 2022 |  |  | 50,000 |  |  |  | 33.81 |  |  |  | 2.17 |
Granted |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | (20,000 | ) |  |  | 61.24 |  |  | — |
Outstanding as of December 31, 2023 |  |  | 30,000 |  |  |  | 20.53 |  |  |  | 1.77 |
16. Share based compensation—(Continued) Restricted share units—(Continued)
Schedule of Share Based Compensation Expense |
|  | Years ended December 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | RMB |  |  | RMB |  |  | RMB |
Fulfillment expenses |  |  | 59,583 |  |  |  | 44,408 |  |  |  | 23,390 |
Selling and marketing expenses |  |  | 38,463 |  |  |  | 36,104 |  |  |  | 17,240 |
General and administrative expenses |  |  | 316,911 |  |  |  | 71,696 |  |  |  | 73,156 |
Technology and content expenses |  |  | 36,595 |  |  |  | 22,028 |  |  |  | 20,616 |

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